Commercial Property NZ – How To Find The Deals

Posted on Tuesday, June 24 2014

What you need to know about NZ Commercial property before you buy!

 

Commercial property in New Zealand has become a popular choice for local and international investors today. The right property investment can offer rental income as well as a windfall when you decide to sell your property. Many investors like the commercial property investment market because the tenants tend to be more dependable and the rental income offers a higher net returns. This article will provide factors to consider when shopping for NZ commercial property. At the end of the article we will give you the name of a company that can help you with all of your property investment needs.

There are few main types of commercial property investments: Industrial, Retail, Offices, Tourism.

The first factor to consider when evaluating the industrial property market is location. The best property will be situated close to infrastructure and transportation lines to make manufacturing and shipping much easier. You also want to think about whether the property has ample parking and room for growth in the future.

The next consideration should be the structure itself. It doesn’t matter if you’re buying commercial property in Auckland, Wellington, Christchurch or Dunedin, you want a building that is structurally sound, has an Earthquake resistant of minimum 67% of the NZ building cod and contains the proper facilities. A healthy building that doesn’t need many renovations or re strengthening will promise greater property investment returns right from the beginning. A building inspection and an engineers assessment report to check if the building is Earthquake prone is an absolute must before you put serious money into any kind of commercial real estate in New Zealand.

Commercial Property NZ - Earthquake Prone Building?

The final factor to consider when shopping for commercial property in Wellington or another New Zealand city is the type of tenants your property will attract. While commercial tenants tend to be more reliable than residential ones, you still want to consider the quality of the tenants you will have based on the industrial sector you choose, your location and the type of building you purchase. If you are going to make a company property investment, you want to know your tenants will bring you a good return.

To find high quality commercial property, it pays to have a professional on your side who keeps up with the real estate investment news and the current property investment activity. You want someone experienced enough to advise you on the best property investments in the area you are interested in and how to negotiate the best price on the property. It is even better if this person knows other professionals, like building inspectors and mortgage brokers to get you through the process. An experienced property finder buyers agent can walk you through the entire process to ensure it goes smoothly and successfully.

Whether you are looking for commercial property in Wellington or residential property in Auckland, a property finder buyers agent is the key professional to get you through the process. This agent can help you develop the right property investment strategy to work you’re your portfolio and find the properties that fit your strategy best. Property finders like the professionals at PropertyGenie.co.nz. can help you find the commercial property that will be the best fit for your financial needs.

 

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Expert's Bio

Hadar Orkibi

Hadar is a full time Property Investor and Trader, Specialising in Do-ups & Add value, Multiple income properties, High Yielding, Commercial, Equity and "Move Forward" Properties. Hadar is co-owner and Sales & Marketing Mangers at www.PropertyGenie.co.nz. Owner of the Private House Buyers companies www.WeBuyProperty.co.nz & www.PropertyBuyersAuckland.co.nz/ Find Hadar on Google+

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