The same considerations apply when buying a commercial or industrial property, as well as additional considerations such as the potential for a greater return measured against the greater risk of vacancy, and the type and location of the property depending on its location. Even where the property has a long term commercial or industrial business as a tenant, caution should be used to ensure that the tenant does not leave, causing the investment to backfire and costing you more money than it was worth.
Another type of purchase involves the purchase of premises from which your business operates. The obvious advantage is that instead of paying rent, you are building a business asset. This means that you are not paying rent to another property owner and you are building your own property portfolio for your benefit. Of course there are risks in doing this as, if your business fails, you will also lose the income from your business to the investment aspects of your property portfolio Business.
Have an Enquiry?
Select your desired option below to share a direct link to this page.
Your friends or family will thank you later.