Buying a small commercial property is not as difficult as many people think. If you're looking to invest in small commercial property, chances are that the bank doesn't need an income test or a good credit rating on your part to lend you money. The generally accepted definition of small commercial property is any property valued at $ 2 million or less. You can also look for: commercial property for lease in Melbourne via https://www.milesre.com.au/commercial/leasing
The property you want to buy determines the loan size. If you already own a small commercial property, you can get your money back.
The small commercial property includes a shopping area, an office, a bed and breakfast, a warehouse, a mixed use area, a restaurant, a bar and a garden for mobile homes. Therefore, you don't have to be fixated on office space or retail space.
Small loans for commercial real estate are larger than loans for residential real estate. As fewer investors are looking for small commercial properties, you can have more investment opportunities and less competition.
See below the list of loans for properties to be invested in. You can talk to previous customers about their properties and make offers accordingly. If a restaurant rents out its property, you can contact them to see if they are interested in selling it.
To find buyers for your small commercial property, contact the company that rents office or retail space. You may be interested in buying your property.
Small commercial transactions require extensive paperwork and records. Before making a loan, the bank or financial institution will check whether the property is generating good cash flow. For this reason, your credit information doesn't really matter with small business loans.