Commercial property investments are a great addition to any property portfolio. Commercial properties do not vary too much in the procedures attached to them compared to other properties, but their value and turnover is different. At Properties Discounted we have a range of suitable commercial property investment, and can support all your investment needs with advice, information and guidance.
At Properties Discounted we will help you find:
- The right commercial property
- The right location for you
- Commercial properties with a great rental income, meaning maximum returns for you as the investor
- Business properties for sale which match your needs and will help build your portfolio
Why buy a Commercial Property?
There are many good reasons that buying a commercial property and adding it to your property portfolio may be a good idea. One of the key things attached to a commercial property investment is the potential to turn it into a business venture for yourself. If you develop a property as a business, not only is it likely that it will keep gaining in value, but the business in itself will start paying too, increasing your income considerably. Once you decide to move your business elsewhere or close it, the property will have gained sufficient value to give you a good return.
Whats more, if you want to set up a Self Invested Personal Pension, you can use your commercial property for this. Our advisers at Properties Discounted have all the information you need to help you find a commercial property investment to use as a SIPP. We have a large selection of commercial property, so it's easy for you to find business property.
Lease your Commercial Property
If you decide to lease out the commercial property instead of starting your own business on the premises, it has its own benefits. For one, although commercial property lease is the same as residential, the tenure is longer. This means that whereas the residential property lease will be 6 months to a year, to lease a commercial property will be 5 to 10 years. This will keep you covered for rent for the time of the lease, not in months but in years so you have a steady income even if the times are tough. Another benefit of leasing commercial properties is that these are taken up by businesses. Businesses generally are more financial sound than individuals, which makes for more desirable tenants, and more income.
And also, many commercial property leases are taken up by a management company, meaning you don't have to pay for insurance or maintenance. This leads to a significant saving, both in time and money, for you.
What to look for in a commercial property investment
One of the key factors that determine the success of a commercial property investment is its location. This is true whether you want to convert the commercial property into a business venture of your own, or lease it out to someone else for theirs. A prime location will ensure the accessibility of consumers or infrastructure. Therefore, consider a location that may be closer to amenities. Another key point to remember is that businesses often want to establish themselves where it is easier for the employees to access the work place and reduce their commute time. Therefore, a prime location could also be a place accessible from both residential and commercial areas.
Properties Discounted have all this information at our fingertips. With a wide range of commercial properties available for you, you won't find a more comprehensive service elsewhere.
Consider a few things before signing a long-term lease on your commercial property. Your client may be leasing the space for their own use or for sub-letting to someone else. In any case, your contract and your property should be covered for damages and other finer points to save you a lot of hassle later on. Discuss the points with the client before writing out a contract that is to the satisfaction of both. Ensure that the client agrees to take the responsibility for paying the rent - even if they decide to sub-let the space.
Like with any other property investment, Properties Discounted will help you to research before you invest in commercial property. This is especially important in the case of a commercial property since it requires a bigger financial commitment and possibly for a longer time.
