Rick Lopez

Commercial Retail Space for Sale

Commercial Retail Space for Sale - Why Should You Invest in One?

Commercial property refers to real estate properties which can be used for commercial or business activities. This kind of property generally refers to all those buildings which house businesses, and can also mean land that is used for generating profit and even big sized rental properties. Find out about some of the top reasons to invest in commercial retail space for sale in Langley.

High rental yields

It is one of the biggest benefits of investing in a commercial retail space. The average rental yield of commercial retail spaces is in double digits - which mean 10% or more than that. It is also dependent on what kind of retail space you are investing on, such as a strip mall, small shop or a big sized shopping mall. This can be a good parameter for you to know whether you are purchasing a retail space at the right price and at the right location. For shops that are situated in good locations and premium areas, you can get a rental yield of as much as 13 to 15%.

Regular and consistent returns

For commercial properties such as retail spaces, the lease agreements are generally for a long-term. A lease is normally signed for a minimum period of 5 years. Naturally, an owner is assured of getting returns consistently - as compared to residential properties. Regardless of market conditions, there is a clause of annual increase in commercial retail lease agreements. Naturally, you can get more or less assured returns from investing in a commercial Surrey retail space for lease.

No furnishing expenses

This is another of the major benefits of investing in commercial retail spaces. There are zero furnishing costs and you can hand over the space raw to a tenant. The tenant can furnish the space according to his own preferences and requirements. This is because branding is very important in case of commercial spaces. In some shops and stores, such as those that belong to retail chains, there are specific guidelines for store owners to abide by. When you purchase residential properties, furnishing costs are added to the property purchase cost. To hire Surrey retail space for lease, visit this website.

Author Bio

Rick Lopez advises people about commercial property planning, industrial land, office space and retail space for lease.