100% LVR for Owner Occupied Commercial Property
Are you a business owner wanting to unlock a safe and secure future for your company? Or even perhaps contemplated the purchase and ownership of your own premises but held back by misconceptions on how tough it is to acquire commercial loans. In reality, the advantages associated with owning a business property and the acquisition of commercial real estate has never been easier. At WizWealth Finance, we will guide you by debunking the usual myths by exposing you to the immense possibilities that lie within the commercial real estate sector. Our experienced commercial brokers will suggest many distinctive solutions that will promise a strong financial future for you. One of our lenders is also able to offer 100% loan towards the purchase of an owner occupied commercial property, so that you can use the valuable business capital towards growing your business and not as a deposit for the commercial property purchase.
Wealth Building
Owning your own business is a massive step towards building your wealth, Unlike leasing in which the rent you pay will benefit the landlord, the purchase of your own commercial property opens you up to investing in assets that will increase in value over time. The value of property will generally increase, which then allows you the opportunity to build the equity while also securing a valuable financial asset.
Predictable Costs
One of the primary advantages of owning your business premises. With the purchase of your property it allows for you to have control over your mortgage payments, which are often more stable than the rental rates which does see fluctuation based on the demand in the area. This stability and predictability can lead to the ability to better manage your finances more effectively, especially in the current time of economic uncertainty. You also know that you won't be forced to move from the property at any stage and any investments you make towards developing the asset is only going to add value to your own wealth.
Greater Control
By owning your own premises this allows for you to have the freedom to make adjustments or better the property according to the needs, without the requirement of landlord approval. This Flexibility can enhance your business operations and create the space according to your needs and wants
What to look for if investing in commercial property?
So you’ve weighed up the pros and cons wisely and now are ready to step out into the commercial real estate market. With any investment you make, it is only right for you to make the first right decision, which is to buy the right property. We share the top 5 things that have to be considered about the location before buying any property.
• Councils that have significant expenditure in place to invest in the local infrastructure
• The population growth of the area, which directly affects the foot traffic
• Suburbs experiencing gentrification as that leads to appreciation
• Car Parking- the number of spaces available for the asset you are looking to purchase
• Depending on the type of commercial property, the proximity to supermarkets/ retailers and transport
Investment in commercial property can result in notable benefits with high rental returns and longer tenancy periods. However we do advise getting financial and legal advice along your journey with investment in commercial property. As before any investment is fully agreed upon, a proper and thorough diligence analysis must be completed before engaging in the purchase of the property.
Your commercial loan does not only consist of interest rates discussion; it involves finding the perfect lender who can tailor to your unique circumstances. We have multiple commercial lenders on the panel, which allows for a diverse range of options, whether it's your first commercial purchase, or wanting to refinance an existing property, the right fit will always be present for you.
