If you have decided to buy commercial property, you probably have a clear idea of what you are looking for and what you want to use it for. If you haven’t decided what to use commercial property for, and you are just looking for a good investment, here are a few profitable options to consider.
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As long as there are people there will always be a need for housing! Buying apartments is one of the first options that are usually considered by commercial investors. As the financing for managing apartment buildings are very similar to the financing of residential property, investors feel more at ease purchasing these.
When buying apartment buildings you should be aware, however, that it will be extremely management intensive. You will either have to hire a professional management team or be willing to do all reparation work around and in the building yourself. Options to consider in this category include garden apartments, military housing and, of course, student housing. If you buy property in the right area and town, purchasing with the goal of housing students can be a very profitable endeavour indeed!
Retail properties are properties that are used by either you or one or more tenants strictly for trade purposes. Getting hold of a place that is near a large shopping centre, or preferably in the same centre or property as a well-known chain store, will be a great investment, as it will increase the flow of people reaching your property.
It is very important that if you are looking for something for retail purposes, that you do sufficient research on your target market, consider whether they are living in the area, whether it is easy to reach your property and whether it is aesthetically pleasing to be in the area you are purchasing (depending on the needs of the potential customers).
A Few More Options
Buying office buildings is another profitable enterprise. Options here include suburban offices, medical offices or CBD offices. Make sure that the property you are purchasing is close to main roads and thus easily accessible.
Healthcare units are another popular commercial property investment. Consider here looking at Old Aged Homes or any other form of nursing homes. It is important for this kind of property, in order for it to be popular, to be close to shops and medical services.
Lastly, purchasing industrial property is also a good investment. Here you can consider single or multi tenant warehouses.
There are various commercial property types to buy. Consider your purpose in investing in commercial real estate and speak to professionals in this field to ensure that you invest in the deal of a lifetime!
The BSM Group: Experts in infrastructure construction, bulk housing development and building construction projects.
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