If I wanted to buy a commercial property where would I start?
By working out a budget of what you can afford. There are a vast range of investment options from modest shares in property syndicates to large stand alone buildings worth over $10 million.
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Related FAQs
- What is the return I will receive if I own a commercial property?
- How much will the bank lend me against the security of a commercial property?
- What is the difference between a Commercial Lease and an Agreement to Lease?
- Why is it important to accurately define the premises in the lease document?
- If I want to lease the commercial property how long does the term of the lease need to be?
- How is the rental of the commercial property set?
- What outgoings am I responsible for with a commercial property lease?
- Does the Tenant's intended use of the premises require a resource consent/health consents or similar? Who should meet the cost of works required to bring the premises up to compliance?
- If my tenant defaults what rights do I have?
- Does the tenant need to reinstate the premises?
- Should a company shareholder/director guarantee the rental?
- How do I know if the rental should be increased?
- How do I value my building?
- What is the best way of selling my commercial property?
- Will I be taxed on any capital gain I make when I sell the property?