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Commercial Property

Commercial property refers to either land or buildings for profit-generation purposes from rental income or capital gains. Commercial properties include among others office buildings, retail stores, hotels, shopping centers, industrial properties and warehouses.

500 Questions

How much money does one acre cost in Illinois?

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Asked by Wiki User

The cost of one acre of land in Illinois can vary widely depending on factors such as location, zoning, and local market conditions. On average, prices can range from a few thousand dollars to tens of thousands of dollars per acre. It is recommended to conduct research and consult with a real estate agent for accurate pricing information.

Is a vacation rental residential or commercial property?

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A vacation rental property typically falls under the category of commercial property, as it is primarily used for generating rental income rather than personal residential purposes.

How to sell a property in Dubai?

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Selling property in Dubai involves a series of steps, and TVG Consultancy can assist you throughout the process. Here's a general overview of how to sell property in Dubai:

  1. Valuation: Begin by getting your property valued. This involves assessing the market value of your property based on factors like location, size, condition, and market trends. TVG Consultancy can provide guidance on this critical step.

  2. Documentation: Ensure that all your property documents are in order. This includes title deeds, ownership certificates, and any related permits. TVG Consultancy can help you organize and verify your documentation.

  3. Marketing: Create a compelling property listing with high-quality photos and detailed descriptions. Use various online platforms, social media, and real estate listings to market your property effectively.

  4. Legal and Financial Considerations: Dubai has specific regulations related to property sales. TVG Consultancy can help you navigate the legal aspects, including any applicable fees, taxes, and compliance with property laws.

  5. Negotiation: Be prepared for negotiations with potential buyers. TVG Consultancy can assist in negotiating the terms and price on your behalf.

  6. Sale Agreement: Once you've agreed on the terms with a buyer, a sale agreement is drafted. This legal document outlines the terms and conditions of the sale.

  7. Transfer of Ownership: The final step involves transferring ownership from you to the buyer. This process includes obtaining a No Objection Certificate (NOC) from the developer or community management if required.

  8. Post-Sale Formalities: After the sale is complete, there are some post-sale formalities, such as clearing any outstanding service charges or mortgages, and transferring utilities to the new owner's name.

TVG Consultancy can guide you through each of these steps, ensuring a smooth and efficient property sale in Dubai. Their expertise in the local real estate market and knowledge of legal and financial requirements can be invaluable in making your property transaction successful and hassle-free.

Can you change freehold to leasehold?

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Yes, it is generally possible to change the ownership type from freehold to leasehold. This process typically involves selling the freehold property and then granting a lease to the new owner. However, it is essential to review the specific laws and regulations of the country or jurisdiction where the property is located, as the process may vary. Consulting a legal professional or real estate expert would also be helpful in navigating this conversion.

What is the price of farmland in North Dakota?

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The price of farmland in North Dakota can vary depending on location, soil quality, and other factors. As of 2021, the average price per acre for farmland in North Dakota ranges from $1,500 to $5,000. However, it is important to note that specific prices can be higher or lower depending on the specific area and market conditions.

How many dollars are 600000 yen?

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The exchange rate between yen and dollars can vary, so it's best to check the current rate. As of October 2021, one US dollar is equivalent to around 110 yen. Using this exchange rate, 600,000 yen would be approximately $5,454.55.

Is 8 percentage rate appropriate for a realtor to ask for when selling a commercial property in rhode island?

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The standard commission rate for realtors can vary depending on the location and specific market. However, an 8% commission rate for selling a commercial property in Rhode Island seems quite high. It is recommended to negotiate with the realtor and compare rates and services offered by other real estate professionals in the area before committing to a specific rate.

Name all branches of aditya birla group?

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The branches of Aditya Birla Group are as follows:

  1. UltraTech Cement: It is one of the largest cement manufacturers in India and also operates globally.
  2. Aditya Birla Fashion and Retail: This branch includes renowned fashion brands like Pantaloons, Allen Solly, and Van Heusen.
  3. Aditya Birla Capital: This is the umbrella entity for all financial services businesses of the group, which includes insurance, investment advisory, and wealth management.
  4. Aditya Birla Chemicals: It produces a wide range of chemical products for various industrial applications.
  5. Aditya Birla Retail: This operates supermarkets and hypermarkets under the brands More and Aditya Birla Family Mart.

Can a state certified residential appraiser appraise a 7-unit residential property?

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Yes, a state certified residential appraiser can appraise a 7-unit residential property. However, there may be additional considerations and expertise required for appraising multi-unit properties, such as analyzing the income and expenses of the property to determine its value. It is recommended to choose an appraiser with experience in appraising multi-unit properties to ensure an accurate assessment.

Who do you call to build apartment complexes on the land you already own?

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You can call a general contractor specializing in commercial or residential construction to discuss your plans for building apartment complexes on your land. They will be able to handle the design, permits, and construction of the project. It may also be beneficial to consult with an architect or a real estate development firm for expert guidance.

What results from the fact that housing is expensive and time consuming to build?

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The high cost and time-consuming nature of building housing can result in several consequences. Firstly, it can lead to a shortage of affordable housing options, as developers may prioritize building more expensive properties to maximize their profits. Additionally, the lengthy construction process may contribute to delays in addressing housing needs, exacerbating housing crises in certain areas. Finally, the high costs associated with building can make it challenging for individuals and families to become homeowners, increasing the prevalence of renting and reducing overall housing stability.

What is the difference between a gross sales value and gross development value?

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The gross sales value refers to the total revenue generated from the sale of goods or services, without considering any deductions or costs. On the other hand, the gross development value is specific to the real estate industry and refers to the total value of a development project, including the value of the land and any improvements made to it. It takes into account the projected sales prices of the individual units or properties within the development.

Failing to declare an agent interest in advertising material?

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Failing to declare an agent interest in advertising material refers to a situation where someone involved in creating or promoting an advertisement fails to disclose their personal or financial interest in the product or service being advertised. This lack of disclosure can be misleading for individuals who rely on the advertisement for accurate and unbiased information. It is important for advertising to be transparent and for individuals to declare any conflicts of interest to maintain trust and fairness.

What is cement expiry period?

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Cement does not have an expiry period. However, over time, it may lose its effectiveness and quality. It is recommended to use cement within three to six months from the manufacturing date to ensure optimal performance. Proper storage conditions, such as keeping it in a dry place and protecting it from moisture, can help prolong its shelf life.

What is the average square footage of a restaurant?

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it varies from store to store. minimum 32616 square feet

Not sure where the above poster got that minimum, which is large if we're talking about the fast-food chain. Average for McDonald's is 4,000 sq ft.

What is the average square footage of star bucks?

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The average size is about 1500 sqft.

How long does it take to build a hotel?

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The time may vary, but it is usually 1-2 years. Maybe 3, if you are building a hotel/resort like the Beijing International Hotel.

Results may also vary on how many workers are working on it.

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How do you Search For Luxury Properties?

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Asked by Wiki User

To search for luxury properties, there are lots of real estate portal sites available that helps to find the best one! Among millions of websites, RentRuby.com is the excellent one as it contains all kinds of listings