If you’re looking to open a business in Australia, you’ll likely need property. But it isn’t as easy as simply sticking a sign on your house and selling your wares. State and local governments designate different types of property for different functions.
To find the right property for your business, you need to know what’s out there.
What are the Different Types of Properties?
Properties fall into one of the following zones, as determined by state and local governments:
- Residential : Housing and long-term living.
- Agricultural : Farmland and other spaces for growing crops.
- Commercial : Properties set aside for businesses and storefronts.
- Industrial : Factories, warehouses, and other properties with heavy machinery.
To secure proper loans and avoid fees, you’ll need to make sure you’re putting your business on the right type of property.
What are the Different Types of Commercial Properties?
Just because they’re all zoned commercial, doesn’t mean you don’t have variety in your property choices. Here are some of the most common commercial properties available to business owners.
- Standalone Office : This is probably what you think of when you hear the word “office” a set of rooms for doing work, connected only by a shared lift or lobby.
- Contiguous Office Space : In this type of office, a single-tenant rents several suites and floors in a building.
- Co-Working Offices : An increasingly popular option, Co-Working offices are spaces that can be rented by the month, week, or even hour.
- Serviced Offices : With a Serviced Office, you rent not only space but the staff as well, including IT support and receptionists.
- Sublet : Sublets occur when a renter leases part of the space they’re renting from a landlord to another individual or person.
What are the Different Types of Industrial Properties?
Industrial properties may have fewer options, but they tend to be far more varied, offering a greater range of choices.
Basic Shed : A Basic Shed is exactly what it sounds like: a shed in which a business does its work. They may include a second story and even an office front to greet customers.
Warehouse : One of the most common types of industrial property, a warehouse emphasises storage space. These properties offer room to hold products, which can then be shipped out from loading docks or delivered to customers through a front lobby.
Logistics Building: Logistic Buildings often like a warehouse, only larger. These include distribution centres and manufacturing spaces, where businesses build, store, and send their wares.
Which Property is Right For You?
The right property space depends on several things, including the amount you want to borrow. Our loan calculators can help you figure out how much you want to spend. Our representatives are also standing by to answer any questions you might have. Contact us today!
