Here at Expedio we're buying and selling properties on a regular basis. Trial and error has taught us about industrial property, and the purchasing process. We realise that for many of the buyers that we work with, the decision to buy a property is a major one, and there are many questions and a big learning curve. While no two properties are the same, and therefore every deal is different, we do find ourselves answering the same basic questions on a regular basis. So we've put together some answers to get you started. If you have more questions, let us know. We'll be happy to help you out.
While most owners and investors probably have a fair understanding of the residential property market, buying into the commercial or industrial property market can be somewhat more daunting. However, buyers who are prepared to spend time researching the market and carefully selecting an appropriate property can enjoy capital gains and, if you are an investor, solid cashflow.
There are numerous arguments either way on this question. Ultimately the answers are a combination of the pragmatic and the subjective. What works best for some businesses does not work for others.And some businesses either don't have the cash to buy, or prefer to utilise their funds in their business.
Buying Industrial real estate has an established process. The process can be varied, and there are no rules saying that it must be done this way. However, knowing how the process normally works does make it much easier.
Here are some of the basics that prospective tenants should know about leasing commercial / industrial property.
As with everything in this world - and property in particular - property is worth what someone will pay for it. It is essentially supply and demand that dictates the price - or simply , how much someone wants a property will determine how much they are prepared to pay.
Other than the obvious restraints of the suitability of the property to your purpose, e.g. a building is no use for a major distribution centre if B-trains cannot access it, the two major constraints are Body corporate rules and zoning.
Owners often have queries about what the following terms mean. We thought we’d cover off many of the more common terms found in the Unit Titles Act 1972 (The Act): (Similar terms under the Unit Titles Act 2010 will be covered once that Act is implemented)
In all dealings in property, participants need to be familiar with a wide range of technical terms and jargon. All sectors of commerce have their own industry specific terminology; the property industry is no exception.
Expedio holds a portfolio of commercial / industrial property in South Auckland, which we lease to long term tenants. We are always looking for properties to add to our portfolio.