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Buying Best Commercial Property in Noida?

Despite the fact that investing in a commercial real estate is a big achievement for any business, as it cuts costs and free up different attributes of future business designing, planning and decision making, there is a great deal of things to consider.

Commercial property in Noida

For example: the critical importance of owning a commercial property is different for different business sectors and if not done as per the business needs, the market conditions might not always support such investment. Investors who have any doubts regarding property investment for their business either should hold their decision or should explore cheaper commercial property options.

All things considered, if investing in bricks and mortar is still on your priority list, then due diligence is what you should first prepare for. Following the urgency for your due diligence, here are some key factors that you must pay attention to:

The importance of location

For almost all types and grades of businesses, where to buy the commercial space is the No.1 issue. What are your preferences: Are you looking for a fresh, newly established space or a renovated one? For either of your choice, you need to dig deep to find information on the history and nature of the area. Taking help from a professional is a wise decision, as only he can establish the first-hand information on the future prospects of the neighboring area. Another important aspect of business to survive and prosper is the footfall. Ensure the place you are selecting has good connectivity and costumers can easily get to you.

A leasehold or freehold purchase

First, let’s understand both of them – Freehold means sole ownership rights on the property, whereas leasehold means you will get occupancy rights for a fixed period of time (usually 99 years) mentioned in the commercial lease contract. The choice depends on your budget and business needs. Both have their own advantages like-

Benefits of Freehold

Freehold gives you security and asset and at time the tax-deductible loan payments are less than the rental of the same property. However, this benefit is area specific.

If you have purchased a big property, you are free to extend or sub-let as per your needs and wish. However, the maintenance and upkeep costs need extra budget.

Benefits of leasehold

You will secure the occupancy of the property for a fixed period of time, which is extendible.
Less capital is involved with leasehold property.

The maintenance and upkeep costs are borne by the landlords.

Movement in and out of the property is flexible.

However, if your budget allows, it is always advised to invest in freehold commercial property, as leasehold properties are subject to annual rent increase and at times landlord lease conditions make it difficult to exit the lease in mid-term, in case of emergencies or business circumstances.

Sub-let options

If you are a startup, and at an early stage of business, you might not need huge space, but because you are expecting a good growth in the near future, you opted for more space than you need. Or it can be a mistake as well; you might end up overestimating space for your business needs but now that you are stuck with that extra space, which costed you a lot of money, how to earn back that money? The best answer is the sub-let option. Utilize that extra space for leasing it to someone who needs that much space for a specific time period. Sub-letting will allow you to secure good amount of money by leasing your unused, idle space. However, it is important part of your due diligence to know beforehand that sub-letting is allowed by your mortgage or leasing contracts.

Due diligence is imperative when you are dealing with unknown people, for that matter, it is advised in real estate to invest with big names, who have the reputation of delivering best with best terms and conditions. With that in mind, if you are looking for best commercial property in Noida, we suggest you to explore and invest in Anthurium. Anthurium is a business park exclusively designed in sector 73, Noida for businesses who believe in delivering productivity and efficiency. Once you have invested with Anthurium, you’re ready to action your business growth strategy with confidence.

 

Read More:-

Commercial Property Improvements Property Investors Can Make

Serviced Office Spaces by Anthurium Noida Can Assist and Benefit Your Small Business

Buy the Best Property in Town 

With Three Effective Tips, Buy Yourself a Slice of the Commercial Office Space Pie 

3 Tips for Leasing a Coworking Office Space 

 

 

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