Times of Eswatini

Benefits of buying commercial property

- Bankofamer­ica.com

”‡ƒŽ ‡•–ƒ–‡ ƒ› „‡ ‘‡ ‘ˆ –Š‡ „‡•– ‹˜‡•–Ǧ ‡” ›‘—ǯ˜‡‡– •—›…‘…—‡•‡•˜ˆ‡—”ŽŽ›ƒ„—‡Ǥ‹Ž– Š›‡‘–—Š”Ǧ

OMMERCIAL

‘•” ƒ›Ž‘Ž —„ǯ”—‡•‹Œ—‡••–• •ˆ–”ƒ‘”–‹–‰Š‡‘—‰–”ǡ‘ƒ—“†—‡—•’Ǧ –‡‹˜‘‡›–—‘ƒ—ŽŽ›‡ǣ ‡† Š–‘ —ƒŽ†•™›‡‘”—ƒ’›—•”—…”Šˆƒ…•‡ ’”‘’‡”–› ˆ‘” ›‘—” „—•‹‡••ǫ —”…Šƒ•Ǧ ‹‰ …‘‡”…‹ƒŽ ’”‘’‡”–› …ƒ „‡ ˜‡”› –…Š‘‡•’ƒŽ‡š‡ǡ ‡ƒ˜•‡„—ˆ‘›”‹‹‰•‹ƒ†‡Š”‘’”‡‘Ǥ•Ǥ –––ǯ•ƒ‡‘•– –‹™‡ǡ”‹‡•‰‡ƒ”……‘Šƒ†‡”’…Ž‹ƒŽ‹’”‰‘Ǥ’‡”–› ‹• ƒ˜‡Ž•”‘›ƒ…†ƒ‡”‡…ˆ‹—•‹Ž‘Ž›ǡ –ƒŠƒ†– ‡ƒ—…•Š– „•‡…‡™‡ƒ‹”‰‹‘Š‡‹†• †‹ˆˆ‡”‡– ˆ‘” ‡˜‡”› „—•‹‡••Ǥ  –Š‡ ‹”‹‰˜Š‡–•–…‹”‡…—–ǡ •ƒ–ƒ†…‡–•Šǡ ‡‹– …’ƒ‘–‡„‡–‹ƒŽ™”‹•‡‡Ǧ ™ƒ”†• …ƒ „‡ ‰”‡ƒ–Ǥ

W—h”y…Šbƒu•y‹?‰ ’”‘’‡”–› ˆ‘” ›‘—” „—•‹Ǧ –‘‡•…•‘‹•ƒ‡‰”‘…‘‹ƒ†Ž ”‹†‡ƒ‡ŽƒǤ‡•–ƒŠ–‡ǡ –‹Š–‡…‘™‘”‡†• Ǯ–’…Š‘‘ƒ”– ››‘‘‡——”—”…‹•ƒ„‡Ž—ǯ–•ƒ‘‹’‰’‡”Ž•‘‹•‡™Ǥ•ǡ–‡‘Šš‹ƒ’•ƒ…›ƒ†’”‘„”’‡•‡—ƒ”’–›Ǧ ›‰‡–Š‹‡”‰ƒŽˆ”’‘—”’‘•ƒ‡—‘ˆƒˆ‹…–‡—•”‘‹”‰„ˆ—ƒ‹…Ž‹†Ž‹–‹‰‡•ǡ ‹‡†‹‹…ƒ†Žǡ‘–ˆŠˆ‹‡…”‡‡• ƒ”‡†ƒ‘”›‡Ǥ”‡ƒ‹•–‘Š–•Š–ƒ‘– …‘‡•–‹†Ǥ ‡–”ǯ• ƒ ƒ…Š‹ƒ‰…‡•—–‘…Š„—ƒ‹Ž† ‹‡“˜—‡‹•––›Ǧǡ „Ž‡ƒƒ‡†›‘’—‘”••‡‹š„’Ž›‡‰•ƒ‡‹• –ƒš‘”ƒ‡†˜’ƒ”‡–†ƒ‹‰…–‡ƒ•ǦǤ ˜‘‡”—•—•ƒ›”‡‡˜–‡‹ ‰”ǡ ‡†ƒ‡Ž‹’•‡ƒ†‹…‘‰•–‘•ƒ˜›‹‘—‰•” –…‹—‘””ƒ‡Ž‡–šŽ’‡‡ƒ•‡•‡ƒ•‰Ǥ ”‡‡‡– ƒ† ‘’‡”ƒǦ

Here are more reasons to consider

Œ‘› –Š‡ ’‡ƒ…‡ ‘ˆ purchasing commercial property:

™‹ŽŽ†„‘‡ˆ ‘‘™–Š‹‰–‘™Šƒ‘–›–‘Š—™” …‹–‘Š•–ƒ•

◗ Fixed rates: ”ˆ•‹‡—š”‡‡–†‹Ǧ–”‘ƒ…”–‡ˆ‡Žƒ—Ž•‘…‡–ƒ—•ǤƒǢ––‹Š‘‡”•‡Ž‹•‡‘‡ƒš”’‘‡–Ǧ

Š‡ …‘•–• ‹˜‘Ž˜‡† ‹‡‘••™•’‹ƒ…‰‡ƒ…‘†—”Ž†—”‡•‹—‰Ž–›‹‘—ˆ”ƒ˜„‘—”•ƒ‹Ǧ Tax breaks: „‡šŽ‡’‡…ƒ•’‡‹–ƒ†Ž‡‰†ƒ—‹…–•‹‘–”•‡ƒ–Ž‹‡– ƒ‘”–†Ǧ ‰ƒ‰‡ ‹–‡”‡•–ǡ ’”‘’‡”–› –ƒš‡• ƒ† Tƒo‘–t”a„‡l‡Ǥ ˆc‘‘o”‡n•t›—r‘oŽ—–l™:†‡‹–…Š‹Š†›‡‘–—‘”›„‘ƒ—…—…›‘Ǥ‘—™–Ǧǡ ”›‡‘…—– …ƒ‘ŽŽ ––”Š‘‡Ž ‘•ˆŠ‘›–‘•—Ǥ ” ‘‹—˜‡Š•ƒ–˜‡‡†‹–Ǧǡ ƒ• ™‡ŽŽ ƒ• ƒ› –‡ƒ–• ‘” —•‡• ‘ˆ –Š‡ „—‹Ž†‹‰Ǥ Š‹ ‹–ǯ• –‹‡ –‘ ”ˆ”‡‡‡‘†˜‘ƒ–‡ǫ–‘ ‘…—ƒŠ•–‡‘ƒ†Ǥ‹•‡‘—ƒŠ†ƒ˜–‡ƒ‹–ŽŠ‘‡” ›‘—” „—•‹‡•• ƒ• ‡‡†‡†ǡ ™Š‹…Š …ƒ‡••”‡˜ƒ‘ŽŽŽ›˜‡„•‡Ǥ ƒ ’Ž—• ƒ• ›‘—” „—•‹Ǧ

C◗

Š‘™ ‘ˆˆ ›‘—” „ƒŽ”‹ƒ–›†ƒƒ†…†—Ž‡–•—–”ƒ‡„‘Ž‹ˆ•Š›‘–—Š”‡„’—‡•”‹•‘‡••Ǧ

Public exposure:

–ˆ‘”‹ƒ•Ž‹Ž–‰‘ƒ•‡†‡‹Ǥ’”ƒ‘‹˜–‹ƒ‹‰–‹Š‰‡ǡ“…——ƒ•ŽǦ ‹•–‡›–‘›ˆ ‘–—Š”‡ „’—”•‘‹’‡•”–•›ƒŠ†‡Ž’”•‘”‡‘’–”‡•Ǧ •–”‡‰–Š ƒ† •–ƒ„‹Ž‹–›Ǥ ˆ‘”Ž–Š—‘Žƒ—‰‘Š”–Š‘‡”‡‡Ǧ•‹‹•œ‡‘Ǧˆ‹––”•‹Ǧ‡ƒ†ŽŽǦƒ•–”†ƒǦ–‡”—‰›‡

Tips for purchasing commercial real estate

–‘Š‡”„‡—›ƒ‹”‡‰ ……‘‘‘‡”…‰‹ƒ—Ž‹†”‡Žƒ‹Ž ‡‡••–ƒŠ–ƒ‡–ǡ ƒ–‘›‰‡•–•–ƒŽ”Ž –‡„†—Ǥ•‹‡‡ˆ•‘•”‡‘›™‘—‡„”‡…‰ƒ‹ǡ ›—‘•—‡ •Š‘—Ž† „‡ …Ž‡ƒ” ƒ„‘—– ›‘—” ‘„Œ‡…Ǧ –‹˜‡• ƒ† ‘™ ™Šƒ– ›‘— ™ƒ–Ǥ

AskŠyƒo–urs‹e†lf t‘hˆe’r”ig‘h’‡t ”q–u›eƒst”i‡on›s‘:—

Ž‘‘‹‰ ˆ‘”ǫ ”•‡‹–‘ˆ‘—”–ǫ›‘—„”—‘‹Ž™†‡“„——‹–•›‹ǫ‡••ǫ ‘

‹–ǫ—Š…ƒŠ–ǯƒ•ƒ””›‡‡‘ƒ—›™”‘‘—”—‹•™Ž†‹Ž„–Ž‘‹‡Ž‡‹‰†”ƒ–‡‘ƒŽ…’ǫ‡—ǫ–

‹‘–™‘ Šƒ– •‹ŽŽ• …ƒ ›‘— „”‹‰ǫ Šƒ– …•‘‹ŽŽ–•”ƒ†…‘– ‘›—‘–—ǫ ‡‡† –‘ Š‹”‡ ˆ‘” ‘” „‹—•†‹–‡Š•‡• ’”‘’‡”–› –Šƒ– ˆ‹–• ›‘—”

Things to think about when deciding

‹••—‡ ‹ ’—Š”…‹•Šƒ‹ •‹–Š‰‡ …—‘„‡‡””‘…‹ƒ‡Ž where to buy:

•”‡Šƒ‘Ž’ ‡…•ƒ–ƒ–‡Ǥƒ‡ Šƒ‡ŽŽ”–‡Š‡›†‘—‹ˆˆ‡•”‡–Ǧ…—‡’ǡ

◗ Location:

™›‘Š—‡”–Š…‡—”•–›‘‘—‡™”•ƒǢ– ‡–‘‡†„‡ƒ………Ž‡‘••‡ –‘ ”ƒ‹Žǡ Š‹‰Š™ƒ› ‘” •Š‹’’‹‰ Žƒ‡•Ǣ ‘” ‘–Š‡” ˆƒ…–‘”•Ǥ

”‘ –…”‘‹ƒŽ™‡ƒ”…‡‹Šƒ‘Ž —‘ˆ•ˆ‡‹…•‡ǡ •’ƒƒ…‡‡•–—‘”‡‹Ž†‘—…ƒ•ǦŽ

Legal considerat­ions:

œ‘‹‰ ƒŽŽ‘™• ˆ‘” –Š‡ –›’‡ ‘ˆ „—•‹Ǧ ‡•• ›‘—ǯ”‡ „”‹‰‹‰Ǥ

ƒ˜‡ ƒ –Š‘”Ǧ ‘—‰Š ‹•’‡…–‹‘ †‘‡ ‘ˆ –Š‡ ’”‘’Ǧ ‡”–› ƒ† ˆ‹† ‘—– „‡ˆ‘”‡Šƒ† ƒ„‘—–

Physical condition:

•’—‘‡–‡•ǡ•–—‹ƒ…ŽŠ‡ƒ•˜‹ƒ”•‘„‡•–‡‘•–‘‘””Ž‡Ž‹ƒ†„‹’Ž‹ƒ–›‹‹–•ǤǦ

‡ ˆƒ‹Ž‹ƒ” ™‹–Š ƒŽŽ œ…ƒ‘—•‹‡‰–ŠŽƒ‡™”‡• ‘”ƒ„›—„‹Ž‡†…‹‘‰†…‘‹–†‹‘‡••„‹‡Ǧ

Limitation­s:

’ŠŽ ƒ…‡‰‡‘•–‘™–Š‡‡–Š‘‡—”–•›‹†‘‡—‘…”ƒ‹•‹†ƒ‡Ǥ ‡

ƒ‡ •—”‡ ›‘— Šƒ˜‡ —‡’‘Ǧ–—‘‰Ǧ†Šƒ’–ƒ‡”ǡ †‹•ƒ‰„•‹’Ž‹ƒ–›…‡ƒ•…ǡ…ƒ‡••™•Ǥ ‡ŽŽ ƒ•

Parking:

–‘ ‰”‘™ ›‘—”ˆ„—›•‘‹—ǯ‡”‡••ǡ’Ž‘Žƒ‘‹ˆ‘‰” ’”‘’‡”–› –Šƒ– ›‘— …ƒ ‡š’ƒ†Ǥ

Flexibilit­y:

–ŠƒŽ‡•”‘‹•‘’ǣ…ƒ‘ˆ…‡›•‘ǡ ‹…—†ƒ‡†”‘‹––Šǯ„–‡‡”‘‡†’—’–‡’‘†•—‹‘–•‡‹—–‰•ǫ…ƒ‡ŽǦŽ

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