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I have noticed some banks have new leases in place for 5 years and others have signed for a 1 year lease with 4x1 year options. I guess they are the ones you need to think really hard about if they don't stay on. Found another one today. Bigger numbers though...

OK, Thanks

My first thought was, nice growth in about 10 years. Second thought was, dealing with multiple unemployed beach bums would not be fun. :p

Hi Wylie, I can forward you the Executive Summary of the commercial property I was considering if you just want to get a feel for it. Let me know if interested.

Can feel the shift!! Dazz, have you found in the current market that other capital cities often have better returns with commercial property than Perth? Apart from Lockridge I find resi returns in Perth to be very low, wondering if it the same with commercial properties currently.

What type of trust would you purchase a Comm property in? How long does it take to set up? Could you use any average + accountant to set it up, or only a highly recommended accountant?

Another great explanation, thanks!! and Penny, that's gold!!

yer, I know what you mean! Your mindset really needs to change. I spoke to an award winning buyers agency a while back about finding me a commercial property. They said they hadn't done it before but could probably help me. Might be a good business opportunity for people who understand...

yer, that's what I told him + isn't there a lot of tax benefits for a business to rent rather than buy?

My husband doesn't get why the bank would rent, and not own there own premises when it is a good investment. Can anyone explain?? We'd thrown around a few idea's back and forth but I wasn't able to convince him.

Nice!!!!!! :)

maybe you're looking in the wrong area. My computer is dead so I don't have excel to play with at the moment. I'd like to go commercial too and get great returns but like you, not ready. Resi, I've found a place for around $650,000 inc all purchase costs, expenses approx $5000/yr, rent approx...