With shop properties in the UK, you will find there are many different types suitable for different retail purposes. Learn about the sub categories of retail property, which include high street shops, shopping centre units and out of town retail property.
There is a huge variety of shop and retail property ranging from corner shops to spacious units in brand new developments. Below we take a look at three sub categories of shop and retail property.
The UK high street has struggled for many years as retailers increasingly favour out of town and shopping centre developments. This has led to growing numbers of vacant shops and a great deal of debate surrounding the future of the traditional high street.
However, the exposure a high street shop can provide to retailers remains unrivalled and local neighbourhood locations can still offer outstanding opportunities.
At MOVEHUT, we have a wide variety of high street retail properties in locations throughout the UK. So if you’re searching for a high street shop property to rent or buy, start browsing our superb listings today.
Inner city shopping centres have changed dramatically since the earliest developments appeared in UK retail districts. Some of the first examples like The Bullring have been redeveloped while other locations have seen striking new centres emerge.
Among the leading inner city shopping centres are Arndale Centre, Westfield Stratford City, and Cabot Circus. Alongside a large number of flagship retailers, shopping centres feature a range of leisure properties like restaurants and fast food outlets.
If you’re searching for a shopping centre unit to let, you may find that limited availability will lead to high rental levels. On the other hand, this makes units in shopping centres attractive to investors and businesses seeking to buy a retail property.
There has been a huge growth of out-of-town retail developments since the 1980s. It is argued that this has had an adverse effect on the high street but there is no denying their popularity with consumers.
One of the chief attractions of out-of-town developments is the availability of free car parking. Another is that along with inner city shopping centres, they offer visitors the chance to eat and drink along with their shopping. Frequently they also feature family entertainment establishments, such as cinemas and ten pin bowling alleys.
Out-of-town developments typically have low vacancy rates as an increasing number of high street names take up floor space. So if you’re looking for a shop in a location guaranteed to generate footfall, an out-of-town retail property could be the ideal choice for you.
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