{"id":1777,"date":"2020-02-12T23:48:36","date_gmt":"2020-02-12T20:48:36","guid":{"rendered":"http:\/\/nalog.fr\/lvinvesticijas-arzemes-ka-izveleties-komercialo-nekustamo-ipasumu\/"},"modified":"2020-02-12T23:48:36","modified_gmt":"2020-02-12T20:48:36","slug":"lvinvesticijas-arzemes-ka-izveleties-komercialo-nekustamo-ipasumu","status":"publish","type":"post","link":"https:\/\/nalog.fr\/lv\/lvinvesticijas-arzemes-ka-izveleties-komercialo-nekustamo-ipasumu\/","title":{"rendered":"Invest\u012bcijas \u0101rzem\u0113s: k\u0101 izv\u0113l\u0113ties komerci\u0101lo nekustamo \u012bpa\u0161umu"},"content":{"rendered":"<p>Cik \u012bpa\u0161umu \u0101rzem\u0113s ieguld\u012bt kapit\u0101lu: viesn\u012bca, veikals vai tirdzniec\u012bbas centrs? Atbilde uz \u0161o jaut\u0101jumu liel\u0101 m\u0113r\u0101 ir atkar\u012bgs no strat\u0113\u0123ijas un bud\u017eetu, ko investors ir gatavs pie\u0161\u0137irt ieg\u0101dei. Tranio st\u0101sta, k\u0101di objekti ir vislab\u0101k izv\u0113l\u0113ties, ja da\u017e\u0101dos apjomos invest\u012bcijas.<\/p>\n<\/p>\n<h3>Veidi ir komerci\u0101lo nekustamo \u012bpa\u0161umu un to iestat\u012bjumi<br \/>\nDati Tranio (vid\u0113jie ieteikts r\u0101d\u012bt\u0101ji)*<\/h3>\n<table class=\"left\">\n<tr>\n<th>Veidi<br \/>\napskates vietas<\/th>\n<th>Ienes\u012bgums,<br \/>\n% gad\u0101<\/th>\n<th>Termi\u0146\u0161<br \/>\nl\u012bguma<br \/>\nnoma<\/th>\n<th>Priek\u0161roc\u012bbas<\/th>\n<th>Tr\u016bkumi<\/th>\n<\/tr>\n<tbody>\n<tr>\n<th colspan=\"5\"><strong>No 300 t\u016bkst. eiro<\/strong><\/th>\n<\/tr>\n<tr>\n<td>Dz\u012bvok\u013ca (\u012bstermi\u0146a \u012bre)<\/td>\n<td>5-7<\/td>\n<td>No 1 dienas<\/td>\n<td>Augsta likvidit\u0101te sal\u012bdzin\u0101jum\u0101 ar ilgtermi\u0146a nomu \u2014 virs ienes\u012bgums un nav probl\u0113mas ar izlik\u0161anu iedz\u012bvot\u0101ju, vair\u0101k izaugsmes potenci\u0101lu nomas likmes<\/td>\n<td>Risku vad\u012bbas un d\u012bkst\u0101ves, sal\u012bdzinot ar ilgtermi\u0146a \u012bri \u2014 \u0101tr\u0101ku nodilumu<\/td>\n<\/tr>\n<tr>\n<td>Dz\u012bvok\u013ca (ilgtermi\u0146a noma)<\/td>\n<td>2-3<\/td>\n<td>No 1 gada<\/td>\n<td>Augsta likvidit\u0101te; augsts piepras\u012bjums no nomnieku puses, stabils pat kr\u012bzes laik\u0101<\/td>\n<td>Risku vad\u012bbas un d\u012bkst\u0101ves; probl\u0113mas ar izlik\u0161anu iedz\u012bvot\u0101ju<\/td>\n<\/tr>\n<tr>\n<td>Studentu izmitin\u0101\u0161anas<\/td>\n<td>4-6<\/td>\n<td>No 6 m\u0113ne\u0161iem<\/td>\n<td>Augsts piepras\u012bjums no nomnieku puses<\/td>\n<td>Sal\u012bdzin\u0101jum\u0101 ar dz\u012bvok\u013ciem \u2014 zem\u0101ka likvidit\u0101te, ir gr\u016bti b\u016bt nepiecie\u0161ams repurpose<\/td>\n<\/tr>\n<tr>\n<th colspan=\"5\"><strong>No 2,5 miljoniem eiro<\/strong><\/th>\n<\/tr>\n<tr>\n<td>Ien\u0101kuma m\u0101j\u0101s<\/td>\n<td>3-5<\/td>\n<td>No 1 gada<\/td>\n<td>Augsta likvidit\u0101te, izaugsmes potenci\u0101ls kapitaliz\u0101cijas<\/td>\n<td>Zems ienes\u012bgums, daudz \u012brnieku probl\u0113mas ar izlik\u0161anu, ir nepiecie\u0161ama vad\u012bbas uz\u0146\u0113mums<\/td>\n<\/tr>\n<tr>\n<td>Ielu veikali<\/td>\n<td>3-4<\/td>\n<td>3-10 gadiem<\/td>\n<td>Augsta likvidit\u0101te, izaugsmes potenci\u0101ls kapitaliz\u0101cijas<\/td>\n<td>Zems ienes\u012bgums<\/td>\n<\/tr>\n<tr>\n<td>Lielveikali<\/td>\n<td>5-6,5<\/td>\n<td>12-15 gadi<\/td>\n<td>Augstas atdeves, ilgsto\u0161as l\u012bgumi<\/td>\n<td>Jo tuv\u0101k beigu termi\u0146\u0161 l\u012bguma, jo zem\u0101ka likvidit\u0101te<\/td>\n<\/tr>\n<tr>\n<th colspan=\"5\"><strong>No 10 miljoniem eiro<\/strong><\/th>\n<\/tr>\n<tr>\n<td>Veco \u013cau\u017eu pansion\u0101ti<\/td>\n<td>5-6,5<\/td>\n<td>20-25 gadi<\/td>\n<td>Skaita pieaugums pension\u0101ri, ilgsto\u0161as l\u012bgumi<\/td>\n<td>Gr\u016bti b\u016bt nepiecie\u0161ams repurpose<\/td>\n<\/tr>\n<tr>\n<td>Tirdzniec\u012bbas centri<\/td>\n<td>4-6<\/td>\n<td>5-15 gadus<\/td>\n<td>Ienes\u012bgums<\/td>\n<td>Risku vad\u012bbas, ja liel\u0101 daudzum\u0101 \u012brniekiem<\/td>\n<\/tr>\n<tr>\n<td>Viesn\u012bcas<\/td>\n<td>4-6<\/td>\n<td>10-20 gadiem<\/td>\n<td>Ienes\u012bgums<\/td>\n<td>Gr\u016bti b\u016bt nepiecie\u0161ams repurpose<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>* Vid\u0113jie r\u0101d\u012bt\u0101ji par objektu:<\/p>\n<ul>\n<li>uz labv\u0113l\u012bgos apvidos liel\u0101kaj\u0101s eiropas pils\u0113t\u0101s;<\/li>\n<li>jauni objekti vai p\u0113c kapit\u0101l\u0101 remonta;<\/li>\n<li>nomas l\u012bgumi s\u0101kum\u0101 termi\u0146a beig\u0101m.<\/li>\n<\/ul>\n<h2>Bud\u017eets ir no 300 t\u016bksto\u0161iem l\u012bdz 2,5 miljoniem eiro<\/h2>\n<p>Ja j\u016bs esat gatavi ieguld\u012bt nekustamo \u012bpa\u0161umu, no 300 t\u016bksto\u0161iem l\u012bdz 2,5 miljoniem eiro, Tranio iesaka ieg\u0101d\u0101ties dz\u012bvok\u013ci vai dz\u012bvok\u013ci studentiem.<\/p>\n<p>Investori ar bud\u017eetu 500-600 t\u016bkst. eiro bie\u017ei v\u0113las ieg\u0101d\u0101ties klasisku komerci\u0101lo \u012bpa\u0161umu, piem\u0113ram, tirdzniec\u012bbas vai biroja. Ta\u010du \u0161ie l\u012bdzek\u013ci ir nepietiekami, lai ieg\u0101d\u0101tos kvalitat\u012bvu objektu \u0161\u0101da veida. \u0160aj\u0101 gad\u012bjum\u0101 ar kvalit\u0101ti, m\u0113s saprotam zemu risku akt\u012bvs: atra\u0161an\u0101s vieta, izm\u0113rs, uzticam\u012bba \u012brnieks, laiks un nomas l\u012bguma noteikumi. T\u0101d\u0101 investoriem m\u0113s iesak\u0101m dz\u012bvojamo \u012bpa\u0161umu iz\u012br\u0113t. J\u0101, ienes\u012bgums \u0161\u0101da ieguld\u012bjumi b\u016bs zem\u0101ka, bet likvidit\u0101ti, uzticam\u012bbu un kapitaliz\u0101cijas pieaugums ilgtermi\u0146\u0101 iepriek\u0161. Turkl\u0101t, \u0161\u0101du \u012bpa\u0161umu, ja nepiecie\u0161ams, var izmantot person\u012bgiem m\u0113r\u0137iem.<\/p>\n<p>            <b class=\"citation-author-name\">Anna \u041a\u0443\u0440\u044c\u044f\u043d\u043e\u0432\u0438\u0447<\/b><\/p>\n<p> Vec\u0101kais konsultants ieguld\u012bjumu<\/p>\n<h3 id=\"p1\">Par dz\u012bvok\u013cu nodo\u0161anu ilgtermi\u0146a nom\u0101<\/h3>\n<p>T\u0101s tuvum\u0101 ir plusi ilgtermi\u0146a noma \u2014 stabils piepras\u012bjums un augsta likvidit\u0101te objekta, ta\u010du, ja \u0161\u0101du ieguld\u012bjumu past\u0101v risks, ka nomnieks p\u0101rtraukt maks\u0101t, un to b\u016bs gr\u016bti tikt va\u013c\u0101.<\/p>\n<p>Iz\u012br\u0113t vislab\u0101k piem\u0113rotas vienu vai divistabu dz\u012bvokli k\u0101d\u0101 no eiropas pils\u0113t\u0101m, da\u013c\u0101, kas ir popul\u0101rs pie vid\u0113j\u0101s klases. Var ar\u012b orient\u0113ties uz studentiem un izv\u0113l\u0113ties dz\u012bvokli net\u0101lu liela augstskolas vai v\u0113r\u0101 piepras\u012bjumu p\u0113c darbiniekiem biroju un ieg\u0101d\u0101ties m\u0101jokli, net\u0101lu no biznesa ceturksn\u012b.<\/p>\n<p>Ienes\u012bgums gad\u012bjum\u0101, ja ilgtermi\u0146a nomas ir aptuveni 2-3 %. Investoriem, kuri nav gatavi nodarboties ar vad\u012bbu patst\u0101v\u012bgi, ir v\u0113rts nol\u012bgt p\u0101rvaldo\u0161\u0101 sabiedr\u012bba komisija, kur\u0101 \u2014 ap 5-15 %. Nomas l\u012bgumi parasti tiek sl\u0113gti uz vienu gadu ar ties\u012bb\u0101m pagarin\u0101t.<\/p>\n<h3 id=\"p2\">Par dz\u012bvok\u013cu nodo\u0161anu \u012bstermi\u0146a nomas<\/h3>\n<p>\u012astermi\u0146a noma ir izdev\u012bg\u0101k ilgtermi\u0146a to, ka atdeve no \u0161\u0101da objekta iepriek\u0161 (5-7 %) un nav probl\u0113mu ar \u012brnieku izlik\u0161anu. Tom\u0113r \u0161aj\u0101 gad\u012bjum\u0101 past\u0101v risks, d\u012bkst\u0101ves, un, ja \u012bstermi\u0146a \u012brei dz\u012bvokli \u0101tr\u0101k nodilst, nek\u0101 ilgtermi\u0146a.<\/p>\n<p>Pirkt dz\u012bvok\u013cu nodo\u0161anu \u012bstermi\u0146a nomas st\u0101v viet\u0101s, kas ir popul\u0101ra ar t\u016bristiem. \u0160aj\u0101 gad\u012bjum\u0101 lab\u0101k izv\u0113l\u0113ties, liel\u0101s pils\u0113tas, piepras\u012bjums kuriem nav atkar\u012bga no sezonas, un tad j\u016bs varat koncentr\u0113ties ne tikai uz t\u016bristiem, bet ar\u012b uz uz\u0146\u0113m\u0113jiem, kas dodas komand\u0113jumos, un pacientiem kl\u012bnik\u0101s \u2014 t\u0101d\u0101 gad\u012bjum\u0101 v\u0113lams naktsm\u012btnes blakus biznesa apkaimi vai, attiec\u012bgi, net\u0101lu no universit\u0101\u0161u kl\u012bnik\u0101s.<\/p>\n<p> \u012astermi\u0146a \u012bre nes liel\u0101ku pe\u013c\u0146u sal\u012bdzin\u0101jum\u0101 ar ilgtermi\u0146a, un \u0161aj\u0101 gad\u012bjum\u0101 nav probl\u0113mas ar \u012brnieku izlik\u0161anu <i><\/i><\/p>\n<p>\u012astermi\u0146a \u012bre noz\u012bm\u0113 nodo\u0161anu apkalpo, uz \u043d\u0430\u0434\u0435\u043b\u044e vai uz p\u0101ris m\u0113ne\u0161iem. Iz\u012br\u0113t m\u0101jokli \u012bstermi\u0146a \u012brei var, piem\u0113ram, caur popul\u0101ro pakalpojumu Airbnb. Ja investors nav gatavs mesties biznesa un nodarboties ar mened\u017ementu objekta patst\u0101v\u012bgi, var b\u016bt nepiecie\u0161ama pal\u012bdz\u012bba no uz\u0146\u0113muma vad\u012bbas komisija, kura (atkar\u012bb\u0101 no pils\u0113tas, pieredzes un pakalpojumu kopumu) ir no 15 l\u012bdz 30 % no nomas izmaks\u0101m. \u0417\u0430\u0440\u0443\u0431\u0435\u0436\u043d\u043e\u043c\u0443 investoram jebkur\u0101 gad\u012bjum\u0101 b\u016bs nepiecie\u0161ama pal\u012bdz\u012bba p\u0101rvald\u0113, un komanda Tranio ir gatava to sniegt. M\u0113s pied\u0101v\u0101jam vad\u012bba dz\u012bvok\u013ciem nodotiem \u012bstermi\u0146a nomas, un garant\u0113jam ir prasm\u012bgs mened\u017ements un ienes\u012bgums l\u012bdz 5-7 %.<\/p>\n<h3 id=\"p3\">Studentu apartamenti<\/h3>\n<p>Studentu dz\u012bvoklis atrodas ar labu universit\u0101ti \u2014 lielisks ieguld\u012bjums, jo investoram tiks nodro\u0161in\u0101ta past\u0101v\u012bga klientu pl\u016bsma uz daudziem gadiem uz priek\u0161u, ja to ienes\u012bgums ir \u0161\u0101das apskates vietas augst\u0101k, nek\u0101 parastiem dz\u012bvok\u013ciem. M\u012bnuss ir tas, ka studentu m\u0101jok\u013cu specializ\u0113tajos kompleksos \u0101tr\u0101k nolietojas nek\u0101 dz\u012bvok\u013ci, \u0441\u0434\u0430\u044e\u0449\u0438\u0435\u0441\u044f ilgtermi\u0146a nomu. Turkl\u0101t, studentu apartamenti, ir gr\u016bt\u0101k p\u0101rdot, jo tie ir izstr\u0101d\u0101ti uz konkr\u0113tu auditoriju, un investors nevar izmantot tos par savu dz\u012bvesvietu. Bet sal\u012bdzinot ar nedz\u012bvojamo nekustamo \u012bpa\u0161umu studentu dz\u012bvok\u013ci, kas at\u0161\u0137iras ar augstu likvidit\u0101ti.<\/p>\n<p>Pirkt studentu dz\u012bvoklis izdev\u012bgi Lielbrit\u0101nij\u0101 un V\u0101cij\u0101. \u0160ie tirgi ir ticami, un ir augsts piepras\u012bjums no viet\u0113jiem un \u0101rvalstu studentiem. Lai pareizi izv\u0113l\u0113tos pils\u0113ta ieguld\u012bjumu studentu m\u0101jokli, ir nepiecie\u0161ams piev\u0113rst uzman\u012bbu kl\u0101tb\u016btni net\u0101lu viena vai vair\u0101ku tautas studentiem m\u0101c\u012bbu iest\u0101d\u0113s, k\u0101 ar\u012b nav p\u0101rm\u0113r\u012bgu pied\u0101v\u0101jumu viet\u0113j\u0101 tirg\u016b nomas, kur studentu apartamentiem var sast\u0101d\u012bt konkurenci liels skaits br\u012bvo dz\u012bvok\u013cu un ienes\u012bgumu ietekm\u0113s zems nomas cenu.<\/p>\n<p>&#8220;Vid\u0113j\u0101 ra\u017e\u012bba studentu apartamenti \u2014 no 4% l\u012bdz 6%. \u0160is r\u0101d\u012bt\u0101js ir atkar\u012bgs no t\u0101, cik liela universit\u0101te, kas atrodas blakus, ir t\u0101lu, vai augstskola atrodas dz\u012bvoklis un cik t\u0101s ir kvalitat\u012bvas un modernas. Attiec\u012bgi, jo augst\u0101ka kvalit\u0101te, jo maz\u0101ks risks un ienes\u012bgums&#8221;,\u2014 saka Georgijs \u041a\u0430\u0447\u043c\u0430\u0437\u043e\u0432, vado\u0161ais partneris Tranio.<\/p>\n<p>Nomas l\u012bgums parasti tiek nosl\u0113gts uz vienu kalend\u0101ro vai akad\u0113misko gadu.<\/p>\n<h2>Bud\u017eets ir no 2,5 miljoniem l\u012bdz 10 miljoniem eiro<\/h2>\n<p>Pirc\u0113jiem ar bud\u017eetu no 2,5 miljoniem l\u012bdz 10 miljoniem eiro Tranio iesaka ieg\u0101d\u0101ties objektus form\u0101ta street retail vai lielveikali. Lai to izdar\u012btu, bud\u017eeta piem\u0113roti ar\u012b ien\u0101kuma m\u0101j\u0101s, bet invest\u012bciju objektus ir v\u0113rts nodarboties tikai tiem, kuri ir gatavi nodoties vad\u012bba un periodiski risin\u0101t probl\u0113mas iedz\u012bvot\u0101jiem.<\/p>\n<p>Investoram ar bud\u017eetu l\u012bdz 10 miljonus eiro ir lab\u0101k apl\u016bkot k\u0101 objektu, ieguld\u012bjumu tirdzniec\u012bbas nekustamo \u012bpa\u0161umu. Bie\u017ei klienti ar t\u0101du bud\u017eetu, kas ir ieinteres\u0113ti ieg\u0101d\u0101ties nelielu viesn\u012bcu, bet m\u0113s iesak\u0101m apsv\u0113rt \u0161o iesp\u0113ju, ja jums ir v\u0113rsti uz pas\u012bvo ien\u0101kumu un nav gatavi b\u016bt piln\u012bb\u0101 iesaist\u012btai biznesa vad\u012bba. Bez lieliem laika izmaksas, viesn\u012bcu bizness, kas prasa zin\u0101mu pieredzi.<\/p>\n<p>            <b class=\"citation-author-name\">Anna \u041a\u0443\u0440\u044c\u044f\u043d\u043e\u0432\u0438\u0447<\/b><\/p>\n<p> Vec\u0101kais konsultants ieguld\u012bjumu<\/p>\n<h3 id=\"p4\">Ien\u0101kuma m\u0101j\u0101s<\/h3>\n<p>Ien\u0101kuma m\u0101jas at\u0161\u0137iras ar augstu likvidit\u0101ti, bet, t\u0101pat k\u0101 gad\u012bjum\u0101 ar atsevi\u0161\u0137iem dz\u012bvok\u013ciem, iedz\u012bvot\u0101jiem ir gr\u016bti izlikt, jo Eirop\u0101 to ties\u012bbas ir aizsarg\u0101tas ar likumu.<\/p>\n<p>Galven\u0101 probl\u0113ma ir trekn\u0101m m\u0101ju \u2014 lielu skaitu \u012brnieku un liela iesp\u0113jam\u012bba, ka rodas k\u0101di jaut\u0101jumi vai probl\u0113mas, kas prasa laika risin\u0101jums. T\u0101p\u0113c ieguld\u012bt\u0101jam vienm\u0113r vajadz\u0113s pal\u012bdz\u012bbu, p\u0101rvald\u012bbas sabiedr\u012bba.<\/p>\n<p>Daudzdz\u012bvok\u013cu m\u0101jas ir v\u0113rts izv\u0113l\u0113ties tirgos, kur \u012bres m\u0101jok\u013cu stabils piepras\u012bjums, piem\u0113ram, Berl\u012bn\u0113, kur aptuveni 85 % iedz\u012bvot\u0101ju ir \u012brnieki. V\u0113rts orient\u0113ties uz pils\u0113tas ar att\u012bst\u012btu darba tirgus: ja ir darbs, ir nomnieki, un t\u0101d\u0113\u013c varat b\u016bt p\u0101rliecin\u0101ti, ka piepras\u012bjums p\u0113c m\u0101jok\u013ciem un stabilu ien\u0101kumu. V\u0101cij\u0101 uz t\u0101d\u0101m pils\u0113t\u0101m attiecas Berl\u012bne, Hamburga, Diseldorfa, \u0136elne un Minhene, Austrij\u0101 \u2014 V\u012bne.<\/p>\n<p>\u0160aj\u0101 gad\u012bjum\u0101 ir svar\u012bgi piev\u0113rst uzman\u012bbu ne tikai pils\u0113tas funkcijas, bet ar\u012b konkr\u0113t\u0101 rajona: izdev\u012bgi pirkt izdev\u012bgs m\u0101jas ir tur, kur nomas maksa un piepras\u012bjums p\u0113c nekustam\u0101 \u012bpa\u0161uma aug, iedz\u012bvot\u0101ju skaits palielin\u0101s un tiek pl\u0101noti lieli infrastrukt\u016bras projekti.<\/p>\n<p>\u012ares ienes\u012bgums daudzdz\u012bvok\u013cu m\u0101ju ir vid\u0113ji 3-5 %. K\u0101 gad\u012bjum\u0101 ar atsevi\u0161\u0137iem dz\u012bvok\u013ciem, \u012bres l\u012bgums parasti tiek sl\u0113gts uz gadu ar ties\u012bb\u0101m pagarin\u0101t.<\/p>\n<h3 id=\"p5\">Street retail<\/h3>\n<p>Street retail \u2014 tas ir nelieli veikali, kafejn\u012bcas un restor\u0101ni, kas atrodas pirmajos st\u0101vos dz\u012bvojamo m\u0101ju. \u0160is form\u0101ts \u2014 tipisks risin\u0101jums, ja apb\u016bves centr\u0101laj\u0101m iel\u0101m liel\u0101kaj\u0101s pils\u0113t\u0101s. Telpas street-mazumtirgot\u0101ji, kas at\u0161\u0137iras ar augstu likvidit\u0101ti, bet zemu ienes\u012bgumu. Bie\u017ei vien Eirop\u0101 tiek p\u0101rdots ne pirmais st\u0101vs atsevi\u0161\u0137i, bet tikai \u0113ku kopum\u0101. T\u0101p\u0113c \u0161o vietu, it \u012bpa\u0161i lab\u0101s viet\u0101s, ir par maz.<\/p>\n<p>Saska\u0146\u0101 ar Annas \u041a\u0443\u0440\u044c\u044f\u043d\u043e\u0432\u0438\u0447, galvenie r\u0101d\u012bt\u0101ji likvidit\u0101tes \u0161\u0101du objektu atra\u0161an\u0101s vietu uz tirdzniec\u012bbas iel\u0101s ar intens\u012bvu g\u0101j\u0113ju satiksmi un blakus sabiedrisk\u0101 transporta pietur\u0101m, k\u0101 ar\u012b pievilc\u012bgu izskatu un \u0113rt\u012bbas apmekl\u0113t\u0101jiem (pieejam\u012bba \u0432\u0438\u0442\u0440\u0438\u043d\u043d\u044b\u0445 logu, atsevi\u0161\u0137as ieejas no ielas un t\u0101 t\u0101l\u0101k).<\/p>\n<p>Ienes\u012bgums objektu form\u0101ta street retail ir vid\u0113ji 3-4 %, bet par lielu, paz\u012bstamu tirdzniec\u012bbas iel\u0101s (piem\u0113ram, Oksfordas iela London\u0101 vai Passeig de Gracia Barcelona) tas var b\u016bt zem\u0101ks par 3 %.<\/p>\n<p>At\u0161\u0137ir\u012bb\u0101 no cita veida nekustamo \u012bpa\u0161umu, nomas l\u012bgumi objektiem street-mazumtirgot\u0101ji parasti ir \u012bss \u2014 no 3 l\u012bdz 5 gadiem\u2014, bet tas tiek kompens\u0113ts ar augsto piepras\u012bjumu no nomnieku puses. Da\u017e\u0101s valst\u012bs, piem\u0113ram, Sp\u0101nij\u0101, bie\u017ei l\u012bgumus uz 10 gadiem.<\/p>\n<p> Ieteicams pirkt t\u0101du objektu, kas rada vismaz probl\u0113m\u0101m, ja \u012bpa\u0161um\u0101 \u2014 \u043d\u0438\u0437\u043a\u043e\u0440\u0438\u0441\u043a\u043e\u0432\u0430\u043d\u043d\u044b\u0439, lab\u0101 viet\u0101, ar uzticamu uz\u0146\u0113mumu nomnieku, ilgtermi\u0146a nomas l\u012bgumu. Turkl\u0101t v\u0113lams, lai maksim\u0101li ekspluat\u0101cijas izmaksas ir veicis nomnieks <i><\/i><\/p>\n<h3 id=\"p6\">Lielveikali<\/h3>\n<p>&#8220;Tas ir viens no popul\u0101r\u0101kajiem form\u0101tiem invest\u012bciju starptautiskajiem investoriem. Vi\u0146a popularit\u0101te saist\u012bta ar vieglu vad\u012bbu, zemu risku un augstu ienes\u012bgumu. Bet ir ar\u012b m\u012bnusi: jo tuv\u0101k beigas \u012bres l\u012bgumam, jo zem\u0101ka likvidit\u0101te, un iepriek\u0161 atlaide p\u0101rdo\u0161anai. Galvenais faktors, lai samazin\u0101tu risku, ir laba vieta,&#8221; saka Georgijs \u041a\u0430\u0447\u043c\u0430\u0437\u043e\u0432.<\/p>\n<p>Visizdev\u012bg\u0101k ieg\u0101d\u0101ties lielveikalos pils\u0113tu teritorij\u0101s ar pieaugo\u0161o iedz\u012bvot\u0101ju skaitu, kaimi\u0146os ar citiem tirdzniec\u012bbas punktiem, \u043f\u0440\u0438\u0442\u044f\u0433\u0438\u0432\u0430\u044e\u0449\u0438\u043c\u0438 \u012brniekiem, net\u0101lu no sabiedrisk\u0101 transporta pietur\u0101m un galvenajiem transporta ce\u013ciem.<\/p>\n<p>Ienes\u012bgums lielveikalos ir 5-6,5 %. Nomas l\u012bgumi ir \u0161\u0101das apskates vietas pla\u0161s \u2014 parasti tie ir 15 gadi.<\/p>\n<p>No t\u0101, cik no investora v\u0113laties piedal\u012bties p\u0101rvald\u0113 komerci\u0101lo objektu, ir atkar\u012bgs tips noma. Visvair\u0101k piem\u0113rots \u012bpa\u0161nieka l\u012bgums NNN tipa noma (triple net noma): \u012bpa\u0161nieks \u0146em no \u012brnieka maksu &#8220;tr\u012bsk\u0101r\u0161\u0101 apm\u0113r\u0101&#8221;, tas ir, bez atskait\u012bt nodokli, apdro\u0161in\u0101\u0161anas un uztur\u0113\u0161anas izmaksas (\u0161\u012bs izmaksas saska\u0146\u0101 ar l\u012bgumu veic nomnieks).<\/p>\n<h2>Bud\u017eets ir vair\u0101k nek\u0101 10 miljonus eiro<\/h2>\n<p>Ja jums ir vair\u0101k k\u0101 10 miljoni eiro Tranio iesaka ieguld\u012bt veco \u013cau\u017eu pansion\u0101ti. Ar lielu bud\u017eetu var ar\u012b ieguld\u012bt tirdzniec\u012bbas centri un viesn\u012bcas, ta\u010du \u0161ie objekti ir gr\u016bti p\u0101rvald\u012bt. Turkl\u0101t, p\u0113rkot lielo un kvalitat\u012bvo viesn\u012bcu un tirdzniec\u012bbas centru, nepiecie\u0161amas invest\u012bcijas 30-100 miljoni eiro.<\/p>\n<h3 id=\"p7\">Veco \u013cau\u017eu pansion\u0101ti<\/h3>\n<p>Pansion\u0101ta \u2014 daudzsolo\u0161s iesp\u0113ja invest\u012bcij\u0101m, jo Eirop\u0101 skaits pieaug vec\u0101ka gadag\u0101juma cilv\u0113ku (p\u0113c prognoz\u0113m \u0415\u0432\u0440\u043e\u0441\u0442\u0430\u0442\u0430, l\u012bdz 2040 gad\u0101 cilv\u0113ku \u012bpatsvars virs 65 gadiem b\u016bs vair\u0101k nek\u0101 ceturtda\u013ca Eiropas iedz\u012bvot\u0101ju), un arvien vair\u0101k pension\u0101ru ir nepiecie\u0161ama specializ\u0113t\u0101 m\u0101jokli. Galvenais m\u012bnuss \u0161\u0101da objekta (piem\u0113ram, gad\u012bjum\u0101, ja ar skol\u0113nu \u012bres kompleksiem) \u2014 sare\u017e\u0123\u012bt\u012bba \u043f\u0435\u0440\u0435\u043f\u0440\u043e\u0444\u0438\u043b\u0438\u0440\u043e\u0432\u0430\u043d\u0438\u044f.<\/p>\n<p>Kompleksi vec\u0101kiem ir v\u0113rts mekl\u0113t Austrij\u0101, Lielbrit\u0101nij\u0101, V\u0101cij\u0101, ASV vai Francijas, lielu vai vid\u0113ja lieluma pils\u0113t\u0101s un to apk\u0101rtn\u0113. Vajag piev\u0113rst uzman\u012bbu uz demogr\u0101fisko situ\u0101ciju \u2014 cik daudz pension\u0101ru b\u016bs \u0161aj\u0101 rajon\u0101 perspekt\u012bv\u0101 10-30 gadi (piem\u0113ram, datus var ieg\u016bt procesu norises Due Diligence), k\u0101 ar\u012b uz to, vai apk\u0101rtn\u0113 ir iest\u0101des, sadz\u012bves pakalpojumu, slimn\u012bc\u0101s un rehabilit\u0101cijas centros, vai labi att\u012bst\u012bta transporta infrastrukt\u016bra.<\/p>\n<p>Kvalitat\u012bvi pansion\u0101ta Eirop\u0101 parasti tiek iznom\u0101tas ar ilgtermi\u0146a (vid\u0113ji 20 gadiem) stingriem l\u012bgumiem. Ienes\u012bgums no nomas ir 5-6,5 %.<\/p>\n<h3 id=\"p8\">Tirdzniec\u012bbas centri<\/h3>\n<p>Saska\u0146\u0101 ar George \u041a\u0430\u0447\u043c\u0430\u0437\u043e\u0432\u0430, tirdzniec\u012bbas centri \u2014 tas ir sare\u017e\u0123\u012bts variants invest\u012bciju sakar\u0101 ar lielu daudzumu \u012brniekiem. Bez tam, form\u0101ts tirdzniec\u012bbas past\u0101v\u012bgi main\u0101s, un bie\u017ei vien gad\u0101s t\u0101, ka p\u0101rdod veco, \u043d\u0435\u0441\u043e\u0432\u0440\u0435\u043c\u0435\u043d\u043d\u044b\u0435 un nefunkcion\u0101l\u0101s tirdzniec\u012bbas centri. \u041d\u0435\u043f\u0440\u043e\u0444\u0435\u0441\u0441\u0438\u043e\u043d\u0430\u043b\u044c\u043d\u043e\u043c\u0443 investoram viegli, l\u016bdzu lamatas un ieg\u0101d\u0101ties \u043d\u0435\u043f\u0435\u0440\u0441\u043f\u0435\u043a\u0442\u0438\u0432\u043d\u044b\u0439 objekts. &#8220;\u0160\u0101da veida invest\u012bcijas dr\u012bz\u0101k piem\u0113rots investoriem ar profesion\u0101lu vad\u012bbas komandu, izmaksas, kas atmaks\u0101jas, ja lielos apjomos ie\u0146\u0113mumiem. Manupr\u0101t, ieguld\u012bt tirdzniec\u012bbas centri ir v\u0113rts, ja jums ir vair\u0101k par 30 miljoniem eiro&#8221;,\u2014 uzskata Georgijs \u041a\u0430\u0447\u043c\u0430\u0437\u043e\u0432.<\/p>\n<p>Izv\u0113loties tirdzniec\u012bbas centr\u0101, jums vajadz\u0113tu piev\u0113rst uzman\u012bbu uz pirktsp\u0113ju iedz\u012bvot\u0101ju re\u0123ion\u0101, pieejama att\u012bst\u012bta infrastrukt\u016bra un transporta pieejam\u012bba.<\/p>\n<p>&#8220;Ir svar\u012bgi, \u012brnieku skaits, pieejam\u012bba enkura \u012brniekiem-magn\u0113ti (parasti tas ir paz\u012bstamu z\u012bmolu, piem\u0113ram, Zara, Nike un t\u0101 t\u0101l\u0101k) kl\u0101tb\u016btne p\u0101rtikas ties\u0101, termi\u0146\u0161 nomas l\u012bgumu, pirc\u0113ju skaits, kas dz\u012bvo apk\u0101rt, demogr\u0101fija pils\u0113tas, objekta tehniskais st\u0101voklis un atbilst\u012bba aktu\u0101laj\u0101m tehniskaj\u0101m pras\u012bb\u0101m \u0161\u0101du \u0113ku skaitu konkurentiem par v\u0113l\u0113\u0161anu, k\u0101 ar\u012b to, k\u0101 sen \u012brnieki \u012br\u0113 objektu un k\u0101da ir varb\u016bt\u012bba, ka par\u0101d\u0101s jaunas l\u012bdz\u012bgiem objektiem kaimi\u0146os,&#8221; saka Georgijs \u041a\u0430\u0447\u043c\u0430\u0437\u043e\u0432.<\/p>\n<p>Ieteicam\u0101s nomnieki \u2014 p\u0101rtikas veikali, veikali, elektronikas, tekstila preces, k\u0101 ar\u012b kafejn\u012bca. Jo vair\u0101k tirdzniec\u012bbas centr\u0101 paz\u012bstamiem z\u012bmoliem, jo lab\u0101k tas ir par biznesu, jo tautas apmekl\u0113t\u0101jiem z\u012bmolu, piesaist\u012bt jaunus klientus un t\u0101d\u0113j\u0101di palielin\u0101t ie\u0146\u0113mumus \u012brnieku un palielin\u0101t nomas likmes, lai investors. Nomas l\u012bgumi parasti tiek sl\u0113gti uz 5-15 gadus. Ienes\u012bgums tirdzniec\u012bbas centri sast\u0101da vid\u0113ji 4-6 %.<\/p>\n<p> Liels skaits \u012brniekiem sare\u017e\u0123\u012b vad\u012bba <i><\/i><\/p>\n<h3 id=\"p9\">Viesn\u012bcas<\/h3>\n<p>Viesn\u012bcu tirgus nav viendab\u012bgs, un taj\u0101 ir sastopami da\u017e\u0101da profila un l\u012bme\u0146a riska akt\u012bvi. &#8220;Ir gr\u016bti ieg\u0101d\u0101ties kvalitat\u012bvu un likv\u012bda objekts ar bud\u017eetu, kas ir aptuveni 10-15 miljonus: past\u0101v risks, ka viesn\u012bca atrodas ne pa\u0161\u0101 piepras\u012btie viet\u0101 un tiks vad\u012bta s\u012bk\u0101 operators, kas var k\u0101d\u0101 br\u012bd\u012b nobraukt. \u0160\u0101d\u0101 scen\u0101rij\u0101 atrast citu nomnieku, b\u016bs \u013coti gr\u016bti. M\u0113s neiesak\u0101m uzskat\u012bt par invest\u012bciju objektu nelielas viesn\u012bcas: visticam\u0101k, ar to ir saist\u012bts neliels (un, t\u0101tad, ir riskants) operators, kas ir &#8220;ap\u0113d\u012bs&#8221; ienes\u012bgums. Turkl\u0101t nelielas viesn\u012bcas visbie\u017e\u0101k pie\u013cauj personas darbietilp\u012bgs biznesa vad\u012bbas. Labas, lielas viesn\u012bcas ar slaveno vado\u0161ajiem uz\u0146\u0113mumiem, kas atrodas centr\u0101 liel\u0101kaj\u0101m eiropas pils\u0113t\u0101m, maks\u0101 no 50 miljoni un dod zemu ienes\u012bgumu (aptuveni 4 %), jo tiek nov\u0113rt\u0113ti tirgus k\u0101 \u043d\u0438\u0437\u043a\u043e\u0440\u0438\u0441\u043a\u043e\u0432\u0430\u043d\u043d\u044b\u0435 un augsti likv\u012bdos. Cita starp\u0101, tas ir ar\u012b presti\u017es, lai \u012bpa\u0161nieka akt\u012bvu,&#8221; saka Georgijs \u041a\u0430\u0447\u043c\u0430\u0437\u043e\u0432.<\/p>\n<p>Ide\u0101l\u0101 gad\u012bjum\u0101 ir v\u0113rts izv\u0113l\u0113ties viesn\u012bcas liel\u0101kaj\u0101s pils\u0113t\u0101s, kas nav atkar\u012bgi no sezonas piepras\u012bjumu, ar lielu t\u016brisma pl\u016bsmu. Neatkar\u012bgi no objekta atra\u0161an\u0101s vietas, ir nepiecie\u0161ams piev\u0113rst uzman\u012bbu uz st\u0101vokli, viesn\u012bcas, p\u0113d\u0113j\u0101 remonta, v\u0113rt\u0113jumi un atsauksmes Booking.com ar\u012b dinamiku uztur\u0113\u0161an\u0101s t\u016bristu vietas, sezona piepras\u012bjums, konkur\u0113tsp\u0113ja viesn\u012bcas \u0161aj\u0101 tirg\u016b, pieejam\u012bbu, \u0113k\u0101 ir spa un konferen\u010du z\u0101les.<\/p>\n<p>L\u012bgumi ar operatoriem tiek sl\u0113gti uz 10-20 gadiem, un var b\u016bt divu veidu: nomas l\u012bgums vai l\u012bgums par vad\u012bbu. Pirmaj\u0101 gad\u012bjum\u0101 \u012bpa\u0161niekam tas noz\u012bm\u0113 sa\u0146emt fiks\u0113tu nomas maksu, otraj\u0101 \u2014 procentiem no ie\u0146\u0113mumiem. Ienes\u012bgums gad\u012bjum\u0101 ar l\u012bgumu p\u0101rvald\u012bbu, var b\u016bt liel\u0101ks, bet tas vienm\u0113r ir atkar\u012bgs no finan\u0161u rezult\u0101tu operatora. Ienes\u012bgums no nomas lielaj\u0101m pils\u0113t\u0101m un galvaspils\u0113t\u0101m, kas atrodas l\u012bmen\u012b 4-6 %.<\/p>\n<p>\u2022<\/p>\n<p>Pl\u0101nojot ieg\u0101d\u0101ties ien\u0101kuma objekta \u0101rzem\u0113s ir j\u0101\u0146em v\u0113r\u0101 daudz faktoru un apr\u0113\u0137in\u0101t katru soli, t\u0101d\u0113\u013c ir v\u0113rts uztic\u0113ties profesion\u0101\u013ciem ar lielu darba pieredzi un lab\u0101m zin\u0101\u0161an\u0101m par tirgu. Sazinieties ar mened\u017eeriem Tranio, un vi\u0146i sniegs jums konsult\u0101cijas par p\u0113rkot komerci\u0101lo nekustamo \u012bpa\u0161umu \u0101rzem\u0113s.<\/p>\n<p>J\u016blija \u041a\u043e\u0436\u0435\u0432\u043d\u0438\u043a\u043e\u0432\u0430, Tranio<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cik \u012bpa\u0161umu \u0101rzem\u0113s ieguld\u012bt kapit\u0101lu: viesn\u012bca, veikals vai tirdzniec\u012bbas centrs? Atbilde uz \u0161o jaut\u0101jumu liel\u0101 m\u0113r\u0101 ir atkar\u012bgs no strat\u0113\u0123ijas<\/p>\n","protected":false},"author":1,"featured_media":468,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[144],"tags":[],"class_list":["post-1777","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nodoklu-informacija-francija"],"translation":{"provider":"WPGlobus","version":"3.0.0","language":"lv","enabled_languages":["ru","uk","en","de","fr","it","es","pl","pt","bg","cs","da","et","fi","hr","hu","lt","lv","mk","no","ro","sk","sl","sq","sr","tr","nl","am","ca","sv"],"languages":{"ru":{"title":false,"content":false,"excerpt":false},"uk":{"title":false,"content":false,"excerpt":false},"en":{"title":false,"content":false,"excerpt":false},"de":{"title":false,"content":false,"excerpt":false},"fr":{"title":false,"content":false,"excerpt":false},"it":{"title":false,"content":false,"excerpt":false},"es":{"title":false,"content":false,"excerpt":false},"pl":{"title":false,"content":false,"excerpt":false},"pt":{"title":false,"content":false,"excerpt":false},"bg":{"title":false,"content":false,"excerpt":false},"cs":{"title":false,"content":false,"excerpt":false},"da":{"title":false,"content":false,"excerpt":false},"et":{"title":false,"content":false,"excerpt":false},"fi":{"title":false,"content":false,"excerpt":false},"hr":{"title":false,"content":false,"excerpt":false},"hu":{"title":false,"content":false,"excerpt":false},"lt":{"title":false,"content":false,"excerpt":false},"lv":{"title":true,"content":true,"excerpt":false},"mk":{"title":false,"content":false,"excerpt":false},"no":{"title":false,"content":false,"excerpt":false},"ro":{"title":false,"content":false,"excerpt":false},"sk":{"title":false,"content":false,"excerpt":false},"sl":{"title":false,"content":false,"excerpt":false},"sq":{"title":false,"content":false,"excerpt":false},"sr":{"title":false,"content":false,"excerpt":false},"tr":{"title":false,"content":false,"excerpt":false},"nl":{"title":false,"content":false,"excerpt":false},"am":{"title":false,"content":false,"excerpt":false},"ca":{"title":false,"content":false,"excerpt":false},"sv":{"title":false,"content":false,"excerpt":false}}},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/nalog.fr\/lv\/wp-json\/wp\/v2\/posts\/1777","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nalog.fr\/lv\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nalog.fr\/lv\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nalog.fr\/lv\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nalog.fr\/lv\/wp-json\/wp\/v2\/comments?post=1777"}],"version-history":[{"count":0,"href":"https:\/\/nalog.fr\/lv\/wp-json\/wp\/v2\/posts\/1777\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nalog.fr\/lv\/wp-json\/wp\/v2\/media\/468"}],"wp:attachment":[{"href":"https:\/\/nalog.fr\/lv\/wp-json\/wp\/v2\/media?parent=1777"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nalog.fr\/lv\/wp-json\/wp\/v2\/categories?post=1777"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nalog.fr\/lv\/wp-json\/wp\/v2\/tags?post=1777"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}