Showing posts with label Kochi. Show all posts
Showing posts with label Kochi. Show all posts

Wednesday, September 12, 2012

The Difference Between Industrial, Retail and Commercial Real Estate

Retail and industrial are both considered 'commercial real estate' (as opposed to 'residential real estate'). Commercial real estate refers to buildings or land intended to generate profit; industrial and retail are simply sub-categories of commercial real estate.

Firstly an industrial property is defined as a property used for the actual manufacturing of something, and can be considered either a factory or plant. This is usually zoned for light, medium or heavy industry. This includes things such as warehouses, garages and distribution centers etc.

Retail property is a commercially zoned property used solely for business purposes, the actual selling of the product, rather than its manufacture - retail stores, malls, shopping centers and shops all huddling nicely under the retail umbrella.

Generally, businesses that occupy commercial real estate often lease the space. An investor usually owns the building and collects rent from each business that operates there.

There are four primary types of commercial real estate leases, each requiring different levels of responsibility from the landlord and the tenant.

Single net lease - tenant is responsible for paying rent and property taxes.

Double net lease - tenant is responsible for paying rent, property taxes and insurance.

Triple net lease - tenant is responsible for paying rent, property taxes, insurance and maintenance.

Gross lease - tenant is responsible only for rent; the Landlord pays property taxes, insurance and maintenance.

If you find yourself considering Commercial property ownership, there are a few things that you would do well to keep in mind:

1) Attractive appearance - the last thing you need is a vacant commercial property in Sydney for any length of time. Think how prospective tenants think: what will their customers want to see?

2) Aesthetic entrance - first impressions count, simple, simple stuff. This is a great tool for putting your prospective clients in a great frame of mind... and their clients.

3) Natural Light - in especially high demand nowadays

4) Location - close to other offices, public amenities, transportation etc.

Since 1980, retail property has returned an average of 9%, though is currently returning around 6%. Industrial real estate tends to be the most volatile, and is currently returning around 7% (as opposed to its peak of around 12% during the 1990's recession).

And obviously, no matter which form of commercial property you're considering, read the lease carefully. Sounds like a silly thing to say, but you'd be very surprised at the issues that can become issues simply because things weren't read properly!

Monday, July 4, 2011

Kochi Properties

Kochi or Cochin as it was known as in the recent past is the commercial capital of the state of Kerala. It is a port city which is an important city of this state and this makes it a fabulous place to reside in. It well connected through road, air and rail services to the major cities of India. This has given way to what is called Kochi Properties.
The commercial properties in Kochi have always been in good demand. Kochi has been a major industrial venture for many industries. This has made the economic growth of Kochi possible in a very short time. It has redefined investment in this city by making it popular among Indian entrepreneurs.
The reason why Kochi has become a hot seat for real estate in India is that it is a great tourist destination. A lot of people have come as tourists and fallen in love with the place so much that they never wanted to go back.

This has transformed this part of Kerala into a major investment area.
Kochi Properties will give you a healthy environment which is free of pollution and a peaceful life. Apart from this the city has all the modern amenities that a modern city needs. The city gives you a life in the surrounding of nature. This is the biggest advantage of residing in this city.
In continuation you may also try to use your local acquaintances as part of your venture. This is called the word of mouth technique. At times this does not work well with many people. The logic behind this is very simple that you may not like what others consider as a beauty!
Another explanation why Kochi has become the center of attraction for many people is that the properties are quite affordable. That is why people from all realms of the society can think of investing in the properties in this city.
Before investing in Kochi Properties you need to hire a well connected real estate agent. These are bunch of professionals who know the city more than you do. Plus they can help you find properties within your budget. They have all the latest information about which property is on rent and which is on sale. You can rely on their expertise for sure.
Another way is to consult the net to get all the relevant information on properties in Kochi. The internet is updated with all the information and that is why it is you can get the information to the current properties which are available for investment. This way you can research on your own which gives the opportunity to discover more about a Kochi.
Kochi Properties are a smart investment for most people who want to reside in a serene and beautiful place. The Queen of Arabian Sea is worth a venture because of its strategic importance as well. The real estate is booming and people can enjoy a good stay in the back water.