Are You Looking For Commercial Property To Add To Your Portfolio?
The advantages of owning commercial or mixed-use property are being increasingly recognized…
And average returns are greater than in residential, although the price per square foot valuations remains lower.
So, if you’re just getting started, what should you be thinking about?
ADVANTAGES
✅ Longer leases and fewer vacancies than in the residential sector
✅ Tenants are liable for upkeep costs.
✅ Rent payment arrangements might be advantageous to the landlord.
✅ Individual investors through companies will find it easier to integrate into pensions.
DISADVANTAGES
✅ Finding renters may take more time and effort.
✅ When things go wrong with renters, other skills are necessary.
✅ The legal process is more complicated and expensive.
✅ Unknowns range from pandemics to the shifting landscape of the high street.
