Commercial land

A business owner could have a number of reasons why they would buy commercial land. They could own buses or generally they would want to build a new office park or a warehouse or maybe a business building to accommodate office space for rent. In most cases Commercial land benefits the owner in the long-run, the good thing about buying land is that you have a permanent address and it would remain the same for a long time.

Commercial land sizes would vary in m/2 as you know the more land you want the more expensive the purchase. Also depending on what business you pursue it is better off to first identify your business needs and cater for expansion. A business would need space to expand at some point in time so when making a purchase for land you should consider these factors.

What you need to know

• Identify your business needs
• What kind of location do you need
• What’s your risk tolerance
• Are you willing to invest
• Is your market demand strong enough in that area

Identifying these key points will make your purchase smoother or rather to help you to pick the most appropriate purchase based on all these factors. Investing is always king as your property would have good resale value especially after there is infrastructure.

For more commercial news read: Commercial Property Cape Town