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Lockable Vs. Non-lockable Space: Which is the better investment option?
Confusion between lockable and unlockable space investment is rising nowadays. Some investors are afraid to make decisions because of lack of transparency in the market about these spaces. The real estate market is filled with these confusions and without a good advisor, investment is dangerous. But don’t worry, today we will evaluate lockable and unlockable spaces comprehensively, so that you can move forward in your investment journey.
Key Takeaways
• You have full authority over your lockable space
• Developers have full authority over your Non Lockable space
• Lockable space gives you better appreciation, flexibility, and buyers' availability
• Non Lockable space provides you fixed rental and lease guarantee
• Commercial Noida will help you to find your dream Lockable and Non Lockable space deal
What is lockable space?
A space that you can use at anytime, without any restriction or permission from the builder. For example, just assume you purchased a commercial office space or retail shop in GYGY Mentis, Noida. Now you have full possession of that space. You are responsible for its maintenance, its lease, and other things. You can lease this out to anyone anytime without any permission from the developer. When you have full authority over your space, it is called lockable space.
What is Non Lockable space?
The space which you can not use. And only the developer can lease it out and be responsible for everything regarding the space. In exchange, you will get a fixed monthly rental from the developer. For example, You purchased a retail shop in Noida. However, because you have purchased an unlockable space, you cannot access your space anytime, but the developer will have an agreement with you that he will only use this space. In exchange, he will provide you with a fixed monthly rental. This concept is called unlockable space.
Unlockable Or Lockable Space: Which Suits You Better
Which kind of space you should invest in depends on your needs. If you want monthly rental and low initial investment cost, then non-lockable space is preferable. But if you want full possession of your space and want good appreciation then lockable is preferable. Let's evaluate it comprehensively.
Lockable Space
Lockable space gives you full possession of the space that you have leased. You can lease it to anyone and anytime. The appreciation in lockable space is about 15 percent annually. Apart from that, buyers are easily available for lockable space.
If you want good appreciation and want full access to your space then lockable space is better for you. However, the initial investment in lockable space is high. For example, if you invest in lockable space in Assotech Business Cresterra (ABC Noida), the investment for spaces start from 11500/- and for unlockable, investment starts only from 8000/-.
Unlockable space
Like lockable space, you don’t have full authority over unlockable space. When you invest in unlockable space, the builder will have the keys to lease it out or every other responsibility regarding the space. In exchange, you will get the monthly rental.
The appreciation rate in unlockable space is only 5 to 7 percent, and also, finding buyers are really hard for an unlockable space. If we talk about the initial investment in unlockable space, investment in CRC The Flagship starts from 12000 for lockable spaces and 9600 for unlockable spaces.
Where Should You Invest In?
The investment in lockable or non lockable space depends on one’s needs. If you want higher appreciation, availability of buyers and full authority over your space. Lockable space is a better choice. If you want rental from the very first day and do not want to be accountable for any responsibility and are just centred around rent. Non Lockable spaces are better.
How Can Commercial Noida Help You?
Commercial Noida will help you to find your dream deal. We have helped thousands of buyers and sellers to find their dream deals and helped investors to invest in different commercial spaces. We will help you to find the best lockable or unlockable spaces deal in Noida as per your needs with good rentals and appreciation.
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