I purchased a property in Mt Isa recently for $121,000 and it rents for $350 per week.
I know it sounds too good to be true but it is indeed true.
How's that for a positive cashflow property!
I'm a relatively newcomer to Commercial Property after having mainly invested in Residential.
Using information gathered from others I am starting to educate and re-educate myself.
Here I will start to compile a process (and some options) I hope to use in finding my next Investment. I hope...
How does this sound?
Office
$500,000
92 sqm
$328/m2
Tenant in place
3x3 Lease
6.0% net return
It is in a prime location. Return could be better I know, as I have an Industrial currently returning 8.0% net after purchasing 8 months ago.