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Is it better to rent or buy commercial property?

Date: May 10, 2021

Is it better to rent or buy commercial property?

Q&A Monday | Season 3 | Episode 2 | Question 2

Is it better to rent or buy commercial property?

This question came in for Jim Culverwell during our recent Q&A, below is an extract of his response.

“Ok, I love this question. It is one I get asked a lot, the other thing I quite often have people saying to me is “Paying rent is money down the drain, I’d like to buy a building for my business”.

And I alway say, that’s a lovely idea. But you’ve got to realise what it is you’re actually saying. What we’re really saying is; “I have investment aspirations, I’d love to own a commercial property and the easiest way to do that is to have my business in there paying rent into my pension.”

That’s a very short form version, and that all sounds brilliant. But the circumstances around that have to be right. Setting up, ownership and occupation of a building is something you really need to stop and think about and consider carefully. Because the one thing you loose, which is what most businesses want and need is flexibility."