infonews.co.nz
INDEX
BUSINESS

Commercial Property for Sale Auckland - Buying Commercial Real Estate

Friday 8 November 2013, 2:56PM

By Business for Sale NZ - NZBizBuySell

710 views

.Commercial Property for Sale Auckland listings are hot property. The latest report by NZ Investment Transaction Monitor (by real estate services company CBRE), found that in the first half of 2013 there were 48 such transactions throughout the country, with a combined value of $1.02 billion. 44 of these transactions with a combined value of $939m were in Auckland.

With the likelihood of rising mortgage interest rates, banks were quietly talking to many owners about reducing their loan to valuation ratios or selling some of their properties. This is likely to see a number of owners looking to sell their properties next year.

When looking to buy commercial property it pays to shop around and buy well. Check out websites like nzcommercial.co.nz  - read up on the market and do your homework, identify the trends and work out what your objectives are in purchasing a property. Commercial Real Estate is highly favoured for its returns when it comes to property investment, but you still need to do your research to get it right.

Buying commercial property in New Zealand is relatively straight forward, either as an investment or for your business. In many cases commercial properties can be purchased with tenants and leases in place. In New Zealand tenants are usually liable for the repairs and fit-out. They are also usually liable for utilities, rates and insurance.

Before buying Commercial Real Estate you need to consider a number of factors; The location - whether you are buying commercial property for sale Christchurch, Auckland or Wellington, this is number one. After-all you or the tenant will want to be close to customers, workers and suppliers. The building’s condition; is it in a good condition, does it comply with the necessary codes and standards - especially around seismic requirements? Does its allowable use or limitations suit your zoning and design needs? There could be restrictions you’ll need to know about. How is the access and parking? Are there expansion or leasing options - if you don't need all the space, can you sub-lease out the extra space?
If you’re not an expert in Commercial Property, engage the services of those that know; use an accountant to evaluate tax, structure, operating budgets and return. And a lawyer to help you check the terms and conditions, and to assist in completing the transaction.

If you find any problems, you may need to renegotiate or choose to walk from the deal.
Before committing to purchase any commercial real estate always do your homework and seek professional advice. Review your long-term goals to ensure you identify the best investment option for you.

See nzcommercial.co.nz’s Auckland Commercial Property listings. Consider their Commercial Property for Sale Auckland listings and their Commercial Property for Sale Christchurch listings along with listings in regions New Zealand wide.