What you need to know about investing in Commercial Property

What you need to know about investing in Commercial Property

Thinking of investing in commercial property? Here's Alice Ridgway with three things you should consider when getting started in the market.

Here are 3 Tips when looking for an investment commercial property.

 

1) Look for Multi-tenanted Properties.

With a multi-tenanted property, you could have two, three, or four tenants. If one tenant moves out, at least you still have security for cash flow from your other tenants while you are looking to fill the empty property.

 

2) Look for Long Term Leases.

The beauty with commercial property is you are not limited to a shorter lease term as compared with residential properties which are usually up to 6 or 12 months.

With commercial you have the option to have leases for 5, 10, or possibly more years. 

 

3) Oncharging Services, Maintenance, and Other Fees to Tenants.

In commercial properties, you can definitely on-charge services, maintenance, and managing fees to your tenants as part of the outgoings. 

As a landlord, this will then free up your overall costs on the property.

 

If you would like to discuss these smart tips in further detail, you may visit our office or contact us!