Commercial property is a high risk, high return investment. Many investors spend years building a residential portfolio before dipping into commercial real estate because they fear they don’t have the expertise.
Spaces in mixed-use strata communities are a great option for investors looking to get started in commercial real estate. All investments come with some level of risk, but buyers have a bit more cushion when they buy a title in a strata scheme for a few reasons.
Commercial lots in mixed-use Bodies Corporate are often less expensive than real estate in popular commercial districts. For the same dollar value, you’ll typically be able to pick up a much larger commercial space in a strata scheme than you would in a standalone property downtown.
Those who own commercial strata property are also entitled to the benefits of strata membership, including dedicated parking and an on-call property management team to deal with maintenance issues or other requests.
Further, all of the residents sharing the strata space will be built in customers to any business who moves into your commercial property. This is a great selling point that not many other commercial spaces can boast.