Recent reports that Chemist Warehouse is set to take over Priceline Pharmacy sites following the collapse of Infinity Pharmacy Group highlight how pharmacy locations and lease arrangements can and do change. For pharmacy owners, it serves as a timely reminder to understand your lease, know your options and consider how much control you have over the premises your business depends on.
For pharmacy owners, purchasing the commercial property your business operates from could be worth considering. Owning the freehold can give you greater control over your premises, create a separate property investment and provide more flexibility when reviewing your pharmacy’s lease arrangements.
With the right finance structure, you may be able to purchase the property while continuing to operate your pharmacy from the same location.
Allfin can help you explore your commercial property finance options, including:
- Commercial loans up to $15 million
- Loan-to-value ratios (LVRs) up to 80%
- Loan terms up to 30 years, with interest only options for up to five years
- Full-doc, lease-doc, alt-doc and low-doc lending options, including SMSF borrowers
- Options for both owner-occupied and investment properties
Negative gearing may be available for eligible commercial property investments, depending on your circumstances. We recommend you seek independent financial advice from your accountant.
Importantly, buying your premises won’t be right for everyone, but understanding your options could open up new opportunities for your business and long-term investment plans.
Want to explore your options? Talk to the Allfin team about commercial property finance.
