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Commercial PropertiesIf you are looking to invest in a venture to make money, speak to a specialist in commercial property. The popular options include non-residential properties like medical establishments, hotels, and self-storage developments. But investing in an office building can be a good way of receiving a regular income through rentals.
These buildings are available in various sizes, from large skyscrapers to smaller professional office buildings. Buying an office building can be an expensive investment, but the long-term benefits are substantial with the regular income. List your property with a property agent, and they will seek to get you the maximum rental return.
This type of property covers warehouses, garages and distribution centres. Larger companies who require the space for many vehicles will rent it. However, the owner of industrial property will have to maintain the upkeep of the property and external spaces like parking. Industrial buildings have a clear characteristic in their Clear Height specifics. This formula takes into account the height of the property to the base of the steel girders in the centre of the property. Smaller buildings may be approximately 14 to 16 feet, while larger buildings could reach up to 40 feet. A company that requires different levels of parking will look for docks. If a warehouse floor is on the same level, this is known as Grade Level, while a second level dock has a height of approximately 24 inches, and a full dock is semi-truck height at 48 inches. Before you invest in an industrial-type commercial properties, consider the type of companies you want to create a long-term partnership with.
Food has been made famous by the many talented chefs throughout the world. To invest in a restaurant commercial property is a smart move. This category also covers grocery stores, single tenant retail buildings, outlet malls, and neighbourhood shopping centres.
Investing in commercial properties is worthwhile, and there are many options available to you. Office buildings cover skyscrapers and small professional office buildings, while high-rise apartment buildings fall into the multifamily category of commercial property. Other properties to investigate and consider are hotels, self storage developments, and medical facilities.