Tag: condo units

Opportunity to own Industrial Units in GTA!

Opportunity to own Industrial Units in GTA!

 — Neel Venugopal Tel: 647.459.5648 or by email neel@kolt.ca

We have some exciting news for business owners and investors to own Industrial storage and manufacturing units in GTA.  For a very long time only large business could afford to buy their warehouse units and that would mean buying a big building at a high cost. Thanks to some entrepreneurial companies, recently we have seen a model wherein the building is sub-divided and sold as industrial condo units similar to residential condominiums. This can’t come at a better time with GTA Industrial market now facing unprecedented demand.

The purchaser basically owns only his or her unit within the building and the balance of the property is managed by the condo corporation. This model is extremely attractive to small and medium business owners who typically rent from 1,000 to 10,000 square feet of space. By owning the unit and with lower cost financing available in the market, purchaser basically pay a monthly amount similar in concept to monthly rental payment. Through this purchase, business owners build equity over a period of time and can establish the business with a peace of mind that they would not be asked to move out or forced to pay substantially higher rents during lease renewals.

This model is also becoming popular among investors as demand for industrial rental units is high in GTA. The investor can rent the unit for a longer term usually 5 years as compared to residential leases which are usually renewed every year. Continue reading “Opportunity to own Industrial Units in GTA!”