Month: October 2018

Buying Commercial Property in NZ

Property blogger

Whether you are interested in commercial property in New Zealand for your own business use or if you want to invest in it as a landlord to generate revenue, you can find many different types of business properties to choose from in New Zealand. The returns from commercial property investments in New Zealand are usually higher compared to other forms of investments; however, the risks are just as high and investors require solid equity when it comes to acquiring loans to enter this market. Here are few important questions and points of consideration to get you thinking. What kind of commercial property do you want to invest in? Potential opportunities in this market include: office buildings, shopping centres and warehousing. If you are after already tenanted properties it is important to look for tenants with successful business ventures who have long term leases in place. You will need to research the type of market you wish to enter into thoroughly. This includes monitoring economic conditions closely given that commercial properties in New Zealand are more powerfully affected by fluctuations and trends in the marketplace. Who should you be consulting / seeking advice from? An essential component to all property investments in NewZealand is the use of professionals such as lawyers, financial advisors and property consultants who can scrutinise every aspect of a potential business opportunity. In relation to commercial investments this includes: leases, extensions, modifications, location factors and Council rules and regulations. The specialist advice available from such professionals is invaluable and money well spent. What can you afford? Start by determining your budget. This will help to narrow down opportunities of interest within your price range and will also eliminate those commercial property investments in NewZealand that are simply out of your price reach financially. As mentioned above, this form of property investment is much more difficult to enter than the residential market, it is common for banks to only lend 60 -70%, in addition to paying higher interest rates. You must factor in your means for obtaining finance and serving loans. Where in NZ do you want to invest? If you are buying a commercial building for your own business ventures make sure the regional area in NewZealand you decide upon has a strong economic future and that there are no regulations or restrictions in place by the local Council that limit your desired business plans. If investing in property such as retail shopping malls you will want to consider the levels of traffic in the area, ease of parking and the establishment of neighbouring businesses. There are numerous online real estate listings and resources available to help make your commercial property search in NewZealand easy. This type of property is actually quite popular, and finding opportunities isn’t difficult by any standard. Taking the time to consider the above questions and points will help you begin your search. Note down other questions that come to mind as you search too, it all helps towards finding the best investment possible. Once you have determined which properties you would like to see, you can contact a real estate agent and go visit the properties to make your final decision about which one is right for you.

www.nzrealestateforsale.co.nz : Commercial Property in NZ a>

Crabtree Property Management 10 6 Seddons Solicitors

Property blogger

On a cold Monday night in January Crabtree Property and Seddons kicked off a charity encounter that marked an end to over two years of non-competitive football for the Finchley based firm. The proceeds of sponsorship for the match would go towards victims of Hiati earthquake appeal with players from both sides also making donations.

After a late kick off it was Seddons who came out guns blazing. A couple of stray passes from the home side allowed the Seddons to penetrate the backline, with Mark Standing hammering home the second of two early goals for the visitors. Crabtree stuck at it however and began to step up their game accordingly.

In the period that followed Joe Mallon pulled back a goal for Crabtree after some good interplay from John Osborn and George Georgiou led to a scrappy goal-mouth scramble with Mallon nutmegging the oncoming keeper. Substitute Bobby Shah levelled for the home side soon afterwards with an audacious lunge in the penalty area. More goals from Nadeem Ghous-Chaudary and Joe Mallon followed before Seddons pulled it back to 4-3.

The game was won at this stage with Luke Cunningham and Andy Soteriou suring up the Crabtree defence and picking out passes for playmaker George Georgiou and warrior John Osborn to feed attack after attack. Cunningham continued to organise the defensive ranks throughout the tie with iron grit. Throughout the game Goalkeeper Rob Robertson had complete command of his penalty area, bravely going to ground on a number of occasions and pulling off a string of impressive saves.

Mike Babb was on form for Crabtree, scoring a hat-trick overall, the pick of the bunch coming in the latter stages of the first half. More excellent interplay from Cunningham and Georgiou allowed Babb to finish with a trademark top corner emphatic finish from just outside the box. Crabtree finished the first half in form and in control of the game, leading by seven goals to three.

In the second half Seddons tightened up their defences and made things more difficult for the home side. Mark Standing was a handful and broke the backline to score twice more while Daniel Robins worked tirelessly for the visitors.

It was to be Crabtrees night however with Nadeem (The Flaming Goose) Ghous-Chaudary completing his hat-trick and Bobby Shah finding the net again for a double. A late consolation for the visitors was testament to their fighting spirit and all ended on positive note with good sportsmanship all round.

Crabtree Team: Rob Robertson, Andy Soteriou, George Georgiou, Luke Cunningham, Bobby Shah, Mike Babb, Nadeem Ghous-Chaudary, Joe Mallon, John Osborn

Man of The Match: Luke Cunningham