Consider commercial opportunities: Newland
Olly Newland said he was surprised at how people reacted when he suggested commercial property investment.
While residential property investment tended to be political and subject to interference, commercial property investment was much freer, he said.
Commercial property investors had the benefit of not being subject to controls from an outside body, could charge whatever they liked and impose any terms they and the tenant agreed on, could ask for any bond they wanted, could evict bad tenants rapidly and could claim higher depreciation levels for fittings and fixtures. Leases were often for long periods so they provided more cashflow security.
“Even more importantly, depending on the lease, your commercial tenant pays for all the out-goings as well, such as rates, water and insurance," Newland said.
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