Nc Real Estate Podcast

What’s Commercial Property?

Informações:

Sinopsis

Take the 'What Commercial Property Investment Should You Buy Next Quiz' HERE I’m going back to basics this week and addressing the question What’s Commercial Property? (Did you know that's the most googled thing about commercial property) Here’s the basics… - Commercial property encompasses various spaces beyond residential use, including retail, offices, and industrial units. - Unique Regulations: Commercial properties are governed by the Landlord and Tenant Act 1954, Part Two, distinct from residential properties. - Valuation Methods: Commercial property valuation focuses on income potential, using investment methods based on rental income projections. - Investment Advantages: High yields of 8-10% or more are possible, and long-term leases (5-10 years) provide stable income. - Market Trends: Commercial property markets shift every five years, offering opportunities to adapt strategies. Resilient areas include tourist hubs and university towns. - Navigating Change: Long-term investment str