Buy Investment Property

When one is looking to buy investment property the general assumption is that you are referring to residential property. Buying industrial investment property is not quite so glamorous. Yet the sector is steadily growing, particularly in Northern UK where you can buy investment property in bigger lots and at a low price.

The north of England, once the seat of the industrial revolution is an increasingly attractive option to buy investment property. Many factors favour those who buy investment property here. There is a ready pool of labour and estates are within easy reach of the national motorway and rail networks. For instance, there is a lot of interest to buy investment property in Leeds as it lies at the strategic intersection of Britain’s main north-south road, rail links and the M62.

Economies of scale are another advantage if one were to buy investment property here. You can buy vast tracks of investment land at prices that are comparatively low. Mike Baugh, director of the national industrial and logistics team for DTZ, the property agents, says companies have been demanding the much bigger units that have been available in Yorkshire. Underscoring this point for those wanting to buy investment property in the region, Marks & Spencer have embarked on building one of Europe’s largest distribution centres in Bradford. The investment should create 2,500 direct jobs when it opens in 2010 adding value to investment property bought here.

The future looks good for those wanting to buy investment property in Yorkshire. As the county adapts to changing supply-demand equations, the profile of investment property bought here will morph – it is expected that there will be a surge in smaller warehousing units. Increased recycling legislation will provide another boost to those who buy investment property here. Recyclable goods sent from consumer back to the producer need to be warehoused.