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Commercial Property buying freehold with business

Discussion in 'Real Estate' started by TROM, 31st Dec, 2007.

  1. TROM

    TROM Active Member

    Joined:
    17th Jul, 2006
    Posts:
    35
    Location:
    WA
    Hi can anyone tell me if banks will lend a higher LVR for a business with Freehold included.

    Also does freehold include the land?
     
  2. bundy1964

    bundy1964 Well-Known Member

    Joined:
    22nd Dec, 2006
    Posts:
    351
    Location:
    Adelaide, SA
    Not sure what LVR banks are offering on commercial ATM most are more interested if you can tie in a residential place as well into the loan.

    Freehold would include the land or a share of the land if strata etc.
     
  3. rvoight

    rvoight New Member

    Joined:
    11th Aug, 2009
    Posts:
    4
    Location:
    Sydney
    Regus Bondi Junction

    Banks will lend a higher LVR for a business in certain cases. That was from my limited experience after exploring this momentarily.

    I was thinking of buying a small office after my experience with Regus at Bondi Junction. They are simply the worst service office company in the world! Calls were answered incorrectly, air conditioning didnt work, problems always took months to be resolved. Complaints largely went ignored. On top of that hidden costs were then added onto bills and when I left they charged me more fees for "deep cleaning" whatever the hell that menas. In any case, I ended up leasing a new office in Bondi Junction rather than buying. So be warned. Regus Bondi Junction is crap!