Modern Australian Magazine

Key factors: 9 considerations before investing in commercial property

  • Written by NewsServices.com

Buying a new commercial property is like entering a new industry. You have to research your potential purchase as well as the market to ensure you can make good use of the property.

But, before you purchase your commercial property, you have to consider a few important factors to know that you are ready to undertake this new venture.

You have to consider things like location, budget, enlisting reliable building lawyers and allowed property purposes, among other things.

So, let’s take a look at nine considerations to make before investing in commercial real estate.

  1. How is the location?

Location is everything in real estate, and what seems like a great spot today could become a shabby destination tomorrow. Try to consider the past trends of businesses in the area - have they always succeeded? It’s also important to consider distance from suppliers and the potential business as well as connectivity to roads and public transport.

  1. How is its physical condition?

What was the property’s application before it went on the market? And, has its prior use caused a whole myriad of structural faults that could be expensive to repair in the future? If you find that the place is just too dilapidated to pay for the repairs or put up for lease, then maybe it’s time to consider a new property.

  1. What businesses can use the property?

There are so many businesses out there with different property needs. Therefore, it’s important to know the legal use of the property before purchase as you may not be able to lease it out to a business who wants to use it for a prohibited application.

  1. Limitations to modify

There are often limitations on the work you can do to modify a particular property, and this could make all the difference for your plans regarding its use. Be clear on the details of modifications limits and ensure that what you want to do with the property can actually be done.

  1. Do you have the budget for it?

You have to plan your budget before executing the purchase. It is vital for any property investor to determine a budget allocation towards the property cost above all other transactions because, after all, what is the point of doing anything if you can’t afford the property you have your eye on?

  1. Can you lease it out?

Many people purchase commercial properties with plans of leasing them out to any particular kind of business. However, leasing laws can have certain ramifications on commercial properties, so you will want to know that you can actually lease it out when the time comes.

  1. What is the neighbourhood like?

There are many neighbourhood factors that could influence the value of your potential purchase over time. Things like neighbourhood developments (railworks, apartment complexes etc.) all affect the value of local properties, and you want to ensure that nothing like this could have a negative impact on your purchase down the line.

  1. Are there support services available?

How old is this property? And, if the property is quite old, and hasn’t been updated for some time, does it have the services required to make it a viable commercial property? Things like security, parking, disability access and lifts are all important for running a commercial property (depending on its size, of course!), and you don’t want to be stuck with a property that doesn’t have the amenities needed to get a decent ROI on your purchase.

  1. Is it free of litigation?

The property should be free of any existing or old litigation. If there is any you will be granted the opportunity to re-negotiate this litigation or leave the deal if it doesn’t work well for you.


40% of Australia's unvaccinated population will soon be kids under 5. Childcare will be the next COVID frontline

ShutterstockOnce five to 11 year olds have access to COVID vaccines, children up to four years old will make up about 40% of Australia’s unvacci...

Your unvaccinated friend is roughly 20 times more likely to give you COVID

As lockdowns ease in New South Wales, Victoria and the ACT, and people return to work and socialising, many of us will be mixing more with others, ev...

Accountability is under threat. Parliament must urgently reset the balance

All Australians have a stake in our nation’s good governance. The past week has provided plenty of reasons to be concerned about the Morrison go...

a wonderfully unsettling cinematic reimagining of the medieval story of Sir Gawain

A24/Eric ZachanowichReview: The Green Knight, directed by David Lowery.Nothing about The Green Knight, the new film from director David Lowery, is com...

Why are birds' eggs colourful? New research shows it's linked to the shape of their nests

Author providedOf all the vertebrates on Earth – that is, animals with backbones – birds are the only ones that lay colourful eggs. Scient...

Scott Morrison's deal with the Nationals must not ignore land stewardship – an attractive, low-hanging fruit

ShutterstockThe Nationals this week finally agreed to a plan of net-zero emissions by 2050. Farmers say they’ve done much of the heavy lifting o...

a new look at an old fossil reveals the origin of these tiny coral-like creatures

Christian Schwarz, CC BY-NCMost groups of modern animals had their beginnings more than half a billion years ago in an amazing evolutionary event know...

Building more houses quickly is harder than it looks. Australia hasn't done it in decades

Rich Kareckas/APThanks to HomeBuilder and the housing price boom, house building is experiencing its hottest year on the record.Over the space of a ye...

Keith Pitt on the climate plan and coal's future

Resources minister Keith Pitt might have been a “no” when the Nationals debated the government’s climate plan but he was a winner in...

Does the government's new national plan to combat child sexual abuse go far enough?

ShutterstockIn 2017, the Royal Commission into Institutional Responses to Child Sexual Abuse handed down its final report.This came after years of soc...

A new proposed privacy code promises tough rules and $10 million penalties for tech giants

ShutterstockThis week the federal government announced proposed legislation to develop an online privacy code (or “OP Code”) setting tough...

Increase Your Team's Performance With These 6 Tips

"Alone, we can do so little; together, we can do so much." - Hellen Keller Team efficiency is one of the best drivers of success. That's why orga...

Holidays & Travel

3 Unusual Vacation Destinations

Visiting unusual vacation destinations may seem like going against the norm. However, the beauty of travel lies in getting trapped in the euphoria of an unknown destination. This feeling of...

Top Tips When Traveling for a Special Event

One of the best ways to celebrate a special event in your life is to travel. Traveling for a special event can take a lot of the stress out of...

What to See When Visiting Detroit

Detroit is a city with a sordid reputation, but it's spent the last twenty years stepping back to repair that. With massive art revivals, and everything from an active music...

Want to go where the wild things are? The brilliant things that will happen when you get camping hire

Are you looking to go to great lengths to find the beauty in nature? Want to travel the distance but can’t fly out? Camping hire is perfect for the adventurers...

6 Tips To Have the Best Kayaking Experience in Sydney

Without a doubt, Sydney is an incredible place to be. If you are one of the 4.6 million people living in the most iconic city in Australia, you are lucky...

Six Things Every Real Otaku Must Do in this Life

Once you watch anime, there is no going back. They are awesome and take everything to a level where you can’t control your emotions. Anime is a cartoon and it’s...

Experiencing the Rocky Mountain Railroad

You can go onboard on Rocky Mountaineer, which is a luxury train ride that can give you the best views and sceneries across the Canadian Rockies. The views will take...

Post-COVID Bucket List: Best Tips to Plan a Grand Trip Around Australasia

It might be some time before we’re able to travel the world like we used to without fear of ending up stranded in a country that’s just instated another lockdown...

Unexpectedly Awesome Destinations for Single Travelers

Are you ready to finally travel? If you’re fully vaccinated, you might have a shot (pun not intended) to explore the world in 2021. However, if you’re single and without...

Fashion & Beauty

New Trend of Dress Rental: 6 Things Why You Should Prefer It?

When you rent clothing, you get access to a huge closet without the bother or cost of owning them. Online retailers give the contemporary lady the clothes she needs without...

Prom Dresses: All the Trends You Need to Know This Season

They can be magical and mysterious, transform your look, and help you feel like a new person on prom night. But, finding a lovely dress is not easy. You want...

A Guide To The Beauty Benefits Of Marine Collagen

With so many beauty products on the market, it can feel like you need to be a professional at skincare to keep up with the latest trends. However, everyone can...

The Best Haircuts Women Are Asking For

Let us guess, you are a beautiful woman bored due to the current style and willing to drench into something new. Or, possibly, you might be a hairstylist that will...

The HOLA Instant Soothing Repair Series

For those looking to instantly calm and correct sensitive skin issues, the HOLA Milk Probiotic Illuminating Collection is the answer. The HOLA Instant Soothing Repair Range is expertly formulated to instantly...

Does Organic Beauty really work and how to find the purest products

Our skin is our largest organ and anything absorbed through it goes directly into our bloodstream. This includes personal-care products which often contain thousands of different chemicals with varying...



NewsServices.com

Content & Technology Connecting Global Audiences

More Information - Less Opinion