A commercial property is different from a residential property in that it is used by businesses to either rent or trade in and provide a financial return for the owner; however, this can also be achieved by selling the property instead of renting.
A range of properties can be considered commercial properties, depending on what they can be used for and what you want to use them for. Retail stores are an excellent example that can be any shape or size and in a number of locations to suit the needs of the area and the owner. These can be rented to third parties to operate in and with, or they can be used by your own business. Offices, warehouses, and many more can all be considered commercial properties.
Residential properties are for people to live in, whether they are split into individual rooms for tenants or used as a whole property. They can be owned by parties who collect rent from tenants, and confusion can arise where this may be similar to a commercial property in that respect, but the purpose and use of it prevent this from being the case. There is a clear distinction between residential and commercial properties.
At Roger Hannah & Co., our experts are able to help you find the right commercial property for your needs, whether you plan to rent or sell it to another party or even use it yourself for your own business plans. We can help you find a property in the right location that is the right size and fits with your requirements, so contact us today to find out how we can help.