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TODAY'S OTHER NEWS

New online lettings agency being tested in commercial sector

A new online commercial property letting agency is using the residential model of offering a fixed fee-based service. 

Virtual Commercial, which is to offer sales as well as lets, creates a marketing brochure, lists it on the commercial areas of Zoopla and Primelocation as well as NovaLoca, Property Link and MoveHut, and provides a freephone 24-hour enquiry line.

It also handles initial enquiries to vet would-be clients - who are then managed by the vendor or landlord - and the total fixed fee is £999, which the website describes as being  “far cheaper than a traditional commercial agent.” 

It says its services compare with a traditional agent’s cost of £6,500 for a property that may let for £40,000 a year. 

“Selling or letting a commercial property has never been a cheap activity. To date, it’s also been complex and time-consuming. Our fees are fixed: they don’t vary based on the property’s value, and we include everything you need to sell your property. Not only is it an innovative and cost effective service; it’s better, faster, and simpler than anything else” claims Andrew Vertes, co-founder and chief executive. 

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