Search results

  1. Scott No Mates

    First Commercial Property Journey

    Not knowing the area but needing to know your expectations. If you were after a 50 year old 'tin shed' or top of the range facility with precast walls, glass office, 10m internal clearance etc - hence the price difference between scrap and gold - the land value won't vary much but the...
  2. Scott No Mates

    First Commercial Property Journey

    Gold or scrap metal? Without a brief there's a big disparity.
  3. Scott No Mates

    First Commercial Property Journey

    You can't control it but you can be aware of it by reviewing the DAs at council. If you know what has been submitted, that is at least the first step in planning your strategy.
  4. Scott No Mates

    First Commercial Property Journey

    All comes down to how much risk you're prepared to wear. If you build the right product, at the right time it will work.
  5. Scott No Mates

    First Commercial Property Journey

    You should be ashamed of yourself Dazz, you gave them an option ;) Hopefully you have the rent review locked in on a ratchet.
  6. Scott No Mates

    First Commercial Property Journey

    Start with a raw block and go from scratch. It means that your due diligence has to be up to scratch.
  7. Scott No Mates

    First Commercial Property Journey

    A few issues with UPT sector - valuation of units (how do you determine what price to pay as they are unlisted, valuations are not undertaken on an annual basis for the full portfolio, less regulated than the listed sector); quality of management; and exit strategy - is there a queue of willing...
  8. Scott No Mates

    First Commercial Property Journey

    Only retail leases are governed by state specific acts, commercial leases are under the real property act and what you negotiate.
  9. Scott No Mates

    First Commercial Property Journey

    Have a look at some of the regional cities as well - Dubbo, Albury, Coffs Harbour, Port Macquarie, Bathurst, Tamworth, Armidale or further afield eg Ballarat, Hobart, Townsville, Darwin etc. Avoid the one horse towns (eg towns with only one industry).
Back
Top