The right commercial land may transform your business into a very successful one. But the decision to buy or look for commercial land for lease is more difficult than it may seem.
If you are having a hard time deciding, we list below some of the possible benefits that you may reap when you opt to lease.
Advantages of leasing a commercial land
- Easier to budget
If you are in Australia and choose a commercial property for lease Sunshine Coast has to offer, generally, you will not need to pay any upkeep to the land that may amount to a considerable unexpected cost. Rather, you will know the exact amount you will be paying monthly.
- Best property and location
If you choose to lease land, your business will have an opportunity to get a better option of properties that make a better image and has a good location. This may not be possible when you opt to buy.
If you are running a retail business and you are dependent on image and location, look for a commercial space for lease as it gives you a solution that is within your means.
- Offer flexibility
Leasing commercial land can offer you greater flexibility most especially if you are planning to relocate or expand in the near future.
- Tax benefits
Compared to buying, the tenancy fees of leasing are completely deductible. That being said, you don’t have to worry about paying your taxes every month.
- No down payment
We all know that you are buying a property using a traditional loan, you need to put down a considerable payment usually 10% to 40% of the overall value.
However, if you decide to take advantage of commercial land for lease, usually, you will only need to put down security deposits. As a matter of fact, the total cost is much smaller compared to down payments.
In many countries, you’ll often see landowners asking for a deposit equal to one month rent reliant on other factors like occupant credit as well as TI allowance.
Leasing a land, on the other hand, will free up a lot of capital that you would have spent buying a land. Instead, it will allow you to invest in your business.
- Short-term financial investment
Renting isn’t a long-term financial investment. Actually, it is very beneficial if you’re just starting out. Despite the fact that you are entering a lease agreement that has a fixed time frame, the moment it expires you can freely leave the land.
Leasing the best commercial land
As you can see there are a lot of reasons why you should consider leasing a commercial land.
If you are in Australia or looking to buy a property here, make sure to check the commercial real estate for sale Sunshine Coast has today or visit Henzells Agency.
We hope that this article has helped you a lot in making the right decision. Nevertheless, if you want to buy but don’t have enough money, there is always commercial land for lease available for you.