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- The primary reasons for owning an office is you are owning an asset which you pay to reduce the loan debt
- Usual loan to deposit is 80% to 20% on commercial loans.
- High rental costs – typically rental costs are around £15.00 per foot per year in the immediate area. Some simple mathematics illustrate the benefits of owning your office, e.g. 1000 sq ft office equals £15,000 rental – it’s cheaper to own!
- Rental income generated from the property can be reduced for tax purposes
- Benefits to your SIPPS Pension scheme;
- Company directors can buy their property through their pension fund to provide themselves not only with premises but also a long-term investment.
- No landlord and unreasonable service charges
- Tailor your office to your needs – you finish your office to your standards.
- Don’t take our word for it, for further details and advice contact; www.pentlands.ltd.uk
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