Manhattan Commercial Real Estate

Commercial Real Estate could consists of several categories of actual realty like industrial, retail, investment or office. Commercial real Estate stands for property that is used for profit based or an investment stake that has the credential to provide a profit on the money invested. In Newyork, commercial real estate goes most commonly by the same classification and consists of the similar categories mentioned above. The main players in the commercial real estate scene in metropolis are brokers, mortgage brokers, architects, property managers, and disposition agencies.

As in any big city, commercial real estate in metropolis is situated mainly in downtown Manhattan, with its sprawling skyscrapers that vary in their architectures and sizes. The one- and two-storied commercial buildings that cover the downtown area typically accommodate restaurants and night clubs. The recent training has been to convert some of the old commercial buildings into lofts. Some of the fastest-moving advertizement properties in metropolis are retail space, high uprise offices, downtown lofts, warehouses and industrial plots, and executive suites. Apart from downtown Manhattan Commercial Real Estate, the nearby cities are areas of advertizement actual realty activity.

The Newyork Commercial Association of Realtors and the Newyork Commercial Association of Real Estate Professionals are two associations that bring actual realty professionals from the Manhattan area, particularly the metropolis area, together.

The metropolis commercial real estate market has remained vibrant due to the continuous growth of the Newyork economy, particularly the metropolis economy. For the period of 2000-2005, metropolis was prognosticate to be in the list of the crowning five cities in the nation on the foundation of demand for construction of office spaces. The Manhattan Commercial Real Estate actual realty scenario in metropolis has been impacted by the boom in the telecommunications and call-center industries, making metropolis the center of these activities in the nation. This has been driven by the fact that the cost of conducting business in metropolis is eight per cent below the national average. The positive outlook for the telecommunications and wireless industries means that the advertizement actual realty scene in metropolis would remain bright.

Chelmer Village, Chelmsford buy to let opportunity...

http://www.rightmove.co.uk/property-for-sale/property-50718304.html

I hope everyone has enjoyed the heatwave and haven't melted away! 

Back to it this morning though and I've spotted this property which I thought was worth a mention. It is a 1 bedroom apartment in a popular little spot in Chelmer Village. We have had a few properties in this area for rent and they always go quite quickly, similar properties to this would rent in the region of £600 pcm. 

Haart have listed this property for £140,000, condition wise it looks to be in pretty good nick, so hopefully not too much to have to be done to it to get it ready for letting. Working out our sums on this asking price and rental price of £600 pcm, you could be looking at a potential gross annual yield of 5.1%.

Properties like this are getting snapped up pretty quick, so don't hang around if you think this one appeals to you.

3 bed house in Chelmsford with a 5% yield...

Having a look through the property portals this morning and this 3 bedroom house caught my eye as it is a pretty good size and not in bad condition either, someone has loved it!

http://www.rightmove.co.uk/property-for-sale/property-35202171.html?premiumA=true

I'll be honest, the area is not everyone's cup of tea, although there is a good school nearby, so hopefully that over-weighs that negative. We have rented similar properties to these for around the £1000 pcm mark recently, which when you compare it against the asking price of £240,000, could potentially give you an annul yield of 5%. 

I don't think this house will be around for long though, so if you are interested, get yourself down to The Home Partnership, who are the selling agent.

Upper Bridge Road Vs Springfield Road

I was talking to a couple last week, who are considering becoming landlords for the first time and they were looking for advice as to whether a property on Upper Bridge Road or Springfield Road would make a better Buy to Let investment. They were interested in which would offer a better return/yield, and whilst properties on both streets can let and sell well, I wanted to do a bit more research to help them with their decision.

Over the last year, the average value of a property on Springfield Road has been around £302,843; while on Upper Bridge Road it was less, at around £239,249. To better understand the investment opportunities available, we considered the rents of the same period. The average rent achieved on Upper Bridge Road was in the region of £839 pcm, giving an average yield/return of approx 4.2%. On Springfield Road the average rent was slightly higher, at around £1033 pcm, with a slightly lower yield/return of 4%

However, one must also consider capital growth and how the value could change over time. In 2003, the average price for a property on Upper Bridge Road would have been approximately £156,500 and on Springfield Road the average value was £204,500. This shows that the average property value on Upper Bridge Road has risen by 52% since 2003, and on Springfield Road has risen by 48%.

Ultimately, we found both streets to be equally good investments, but as you can see there is hardly any difference in the yields/returns or the increase in values, which we would not have identified without that extra investigation. In this case, it depends on the best available property to buy on the day.

If you are a landlord, new or old, feel free to visit our office on Duke Street to ask our opinion on which property investment is best for you.

Old Moulsham, Chelmsford apartment, great for Buy to Let...

This modern 2 bed apartment is in a really great location at the bottom of Moulsham Street, great for shopping and dining. 

As this property is still fairly new, it is still in pretty good nick, modern kitchen and bathroom, so hopefully the preparation of it should be fairly minimal to get it 'Letting Ready'. You might be able to get away with just a pro clean and bobs your uncle. Another bonus with this property is that it does have parking, which is ideal.

http://www.rightmove.co.uk/property-for-sale/property-51574733.html

William H Brown, have just put this on the market for £190,000, which it will probably achieve, due to the demand being crazy in Chelmsford at the moment! I would say that an achievable rent for this property would be in the region of £850 pcm, which would generate you a gross annual yield of 5.3%

We spend a lot of time looking at the local market trying to ascertain where the next property hot spot is going to be. sign up to this blog as we post out articles every week.

2 Bed apartment in Chelmsford with 5.2% yield...

We're in for a scorcher this week, so I've heard! So I thought I would send out some 'Hot' Properties that I have noticed on the property portals. 

This property is a 2 bed apartment in a popular street, just off New London Road in Redmayne Drive. It's a spacious property, in not bad condition however, I would suggest running a coat of magnolia around to freshen it up and neutralize it a bit.

http://www.rightmove.co.uk/property-for-sale/property-48607516.html

This apartment has just come to the market for £170,000 and would achieve a rent easily in the region of £750 pcm. Getting our yield calculator out, you are looking at an annual return of 5.2%, before any service charges & ground rents etc.

IF you would like any advice on wheat you should, or shouldn't be buying, come on in for a chat, my office is on Duke Street

A nice 'n' easy property in Chelmsford...

This property is simple, no bells and whistles, just a straight forward, 2 bedroom house. Located just off Broomfield Road, in Chester Place, it's a great location for the station again. It's just come to the market for £210,000, which isn't too bad for a house so close to the centre of Chelmsford. Before you launchinto it feet first, make sure you view it, the photo's aren't particularaly clear and can;t see what the condition of the kitchen or bathroom is. They may need some updating, this may be why the price is set where it is. You always have to read between the lines!

http://www.rightmove.co.uk/property-for-sale/property-48170407.html

Saying that though, this type of property will always rent out, providing the price is right, and I would suggest in the region of £875 pcm would be about right. 

So, doing our calculations based on these figure, we are looking at an annual return of 5%. 

If you are thinking about becoming a landlord, but not sure where to start, come on in for a chat, I'm happy to go through it with you and give you some pointers