How to Choose a Commercial Property
Whether you are seeking new premises for your company or looking for an investment opportunity, there could not be a better time to invest in commercial property.
The latest available figures show that although investment volumes in the market are expected to be slightly down compared with last year, 2018 has seen a strong performance from the sector, generating around £55bn in investment.
Construction figures have been confusing over the past few years, but some of the latest figures indicate there are hotspots, and not only the UK’s capital city.
When purchasing commercial property, location will be a vital factor. If you are making an investment, the local economy will be crucial to your success in achieving a good yield.
Looking at commercial loans Northern Ireland is seen as a vibrant market, and the latest figures from the Northern Ireland Statistics and Research Agency suggest why this is the case. The figures for construction output for the second quarter of 2018, published in October, showed a 6.2% increase on Q1. Output is now matching 2017 after a sluggish start to the year.
If you are in the market for commercial loans Northern Ireland could be a good place to research them with sites such as commercial loans Northern Ireland offering many alternatives.
If, on the other hand, you are looking for a property for your own business, other aspects of location come into play. The premises must be easily accessed by customers if you are in the retail or services sector, and good transport will be vital for your employees. Having access to a skilled workforce may also be a consideration.
Having decided on a location, finance then comes into play. There are obvious advantages to owning your own premises, and with the right finance package this may be as affordable as renting. The company’s financial position will dictate whether this is a realistic option. You will also need to consider whether you are likely to want to remain in the location for a long period of time before committing to purchasing a property.
In terms of sell-on profits much will depend on the potential of the area you are locating to. Often this is difficult to predict, but the new-build activity in the district is always a good indicator, as is improving infrastructure.