How to spot a profitable commercial property?

Investing in commercial real estate property has for long been considered a highly profitable option. Not only do you earn a high rental income from investing in a commercial space but the value appreciation is also usually pretty high. However, the above statement does not hold true for all commercial properties. Not all commercial property investments are profitable and even fewer commercial properties give you an above par ROI. So how exactly do you spot a 'profitable commercial property'? Well, just look out for the following telltale signs of a profitable commercial property!

The quality of the property and the building itself

The first and most important thing is the quality of the asset you are investing in. If the property itself is beautiful, well designed and constructed with high-quality materials, then half the job is done. Aesthetics play a key role for tenants when they decide which property to rent. The interiors of your property and the exterior of the building make the first impression on anyone visiting it. So if they are beautiful and elegant, then you could expect to earn a high rental income from the property.

High-class facilities and amenities

Gone are the days when businesses only looked at connectivity and prices in a property. Modern businesses need and ask for all kinds of facilities and amenities. A spacious recreation area, a leisure zone, covered parking, etc. are some of the facilities that most businesses require but only few builders provide. So ensure that the property you are interested in has all these facilities and amenities if you want to make your investment a profitable one.

Safe and crime-free neighbourhood

Modern companies have as many female employees working for them as the number of male employees. If at all, the number of male employees is greater, the difference is pretty miniscule. And don't we all know how fickle the state of women's safety is in India? A crime-free and safe neighbourhood would pretty much be at the top of every office's wishlist. No business would mind shelling out a few extra thousands if the safety of their employees is guaranteed. The value appreciation for properties in such areas is also high.

The developer's reputation and track record

Would you invest in a property whose developer has a shady track record and is infamous for delivering poorly planned and constructed projects? Your answer would obviously be in the negative. Then how could you expect tenants to hire such properties on rent? A developer who is renowned for delivering quality commercial real estate projects time and again attracts more buyers, and their properties, in turn, attract more tenants. For example, developers like Vishwa Green Realtors have established a fabulous track record of designing and constructing quality commercial properties in Navi Mumbai. As a result, any new project of theirs finds plenty of buyers and tenants. The vacancy period for their projects is pretty low and the value appreciation is tremendous.

Good connectivity

Last but not the least, a profitable commercial property almost always has good connectivity. If the employees and the owners can save time commuting, owing to the location of the property, then you would probably earn a good rental income from the property. The value appreciation of such properties is also higher than that of those properties that have connectivity issues. A good example of this would be the Plan S business park, Vishwa Green Realtors' premium commercial property in Nerul.

Also, Read - Have an opportunity to invest in a commercial property in Navi Mumbai? Take these 4 steps to decide if it's the right opportunity for you!

Irrespective of whether you are looking for a commercial property in Turbhe, Nerul, Andheri, Dadar, or pretty much anywhere, look out for these 5 tell tale signs of a profitable commercial property before signing on the dotted lines!