Suitable Property Types for First-time Investors
ZUNE TH
S AT TA R
Suitable Property Types for First-time Investors Increasingly, first-time property investors are opting to invest in commercial properties, which have the potential to provide lucrative returns compared to residential properties.
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Smaller industrial units have the potential for growth and favourable yields and can be a good option for an investor with resources to spare.
However, these returns are only possible if the investor makes the right decision on aspects such as location and demand. The following are some of the properties to consider.
Retail Properties For investors, retail shops that include residential and office space on the upper floors are a good investment. Such a property should ideally be in a location with exposure to main roads, have good parking, and be accessible from all directions. As an investor, find out the possible uses allowed at the property, and whether there are future development plans.
Office Properties Office buildings and blocks are appealing to investors as they provide good rental yields. An office structure close to public transport and shops with good security and natural lighting is a worthy consideration.
Industrial Property Smaller industrial units have the potential for growth and favourable yields and can be a good option for an investor with resources to spare. Such units should be close to main roads and easily accessible to heavy vehicles. Additionally, proximity to shopping areas or business parks ensures potential tenants can see the unit if there’s any vacancy. 3
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