Recent content by Apollo

I think it means that the cash from the syndicate makes up a portion of the purchase costs. The remainder is borrowed from a lender who holds a mortgage over the property. Using these figures, 'conservative borrowings' would be around 56%. Each syndicate member owns 1/9 of the property ie...

I have a small office in the southern suburbs of Adelaide that is currently providing a good return but I am mindful that if the tenant leaves I will have trouble finding another one. I like commercial property but the high entry cost and the high risks at the cheaper end have led me to consider...

I would be interested in Mawson Lakes too please post or pm details

I am not surprised that it went way over the advertised price despite rules about underquoting the market price to entice interest. Does anybody have recent experience of buying an apartment in Adelaide?, in particular those promoted for student accommodation

The link does not work but I think you mean the one going to auction by Toop and Toop. I agree it looks nice but there is no way that will sell for only $310K.

I am looking to purchase my first residential IP soon, preferably something with reliable cashflow. CG would be nice but not relying on it. Budget up to $350k. I have been looking at 2 bedroom units <10kms from CBD. I note that there does not appear to be a significant price difference...

There is Red Rooster in Brooklyn Park, SA that went bust and has been sitting empty for over a year. It is specifically set up for and branded Red Rooster so it has limited appeal to other businesses

the main questions to ask: Does the property appeal to a wide range of tenants? (you don't want a 'unique property' that sits vacant for years) Is is a quality building? or will you need to upgrade? What is the market rent? Is there demand for office space in this area?

So, has anyone actually been in a syndicate? And how did that workout?

The good news is that I have finally found a tenant for my office after a long wait. The bad news is that the lease is only for 12 months because the tenants are building new premises and need temporary accommodation in the meantime. I think it will always be difficult to attract new...

Thanks for the advice Dazz and Bird Dog. I would love to be able to tell them to stick it but I suspect I could be waiting 6 months for another offer. The market is very slow and tenants have high expectations. I would prefer to spend money on long term improvements rather than paying the...

I have an offer on my office but it's an ambit claim whereby the tenants want a rent discount, 3 months rent free and a major upgrade of the building that will cost about 2 years rent. All this for a 3 plus 3 lease! Obviously it's a starting offer and there will be some negotiation but I am...

I agree but unfortunately, there is a difference between what is market rent and what you have to offer to attract a new tenant. New tenants now expect, and get, rent free periods, fit out and discounted rent.

Chilliblue, the property has been advertised on RealCommercial.com. It has had lots of views (833+). The agent has sent emails targetting local businesses. There a road sign, a window sign and I have paid for a luminated neon sign hoping that a prospective tenant would like to take over the sign...

Bird Dog, I have the same agent as before. At least he is local and knows the area. He has been proactive in following up leads, the problem is the lack of demand in the area for office accommodation. There are few offices available for rent but they tend to remain empty for long time. I...