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That's true, even if it takes you a while to sell, it's better than selling it when you leave. May as well try and get the best price you can. At face value it doesn't seem like a good long-term investment for you or a potential buyer, but potentially a good short-term flip. Unless you...

The net yield then is very poor for a potential buyer of this commercial investment property. Online savings accounts give better interest rates with zero vacancy risk and zero chance of capital loss! You are better off buying a residential investment property instead aren't you? At least you...

So is the total rent of the space with both tenants in place $46,200 (ie. 8.4% x $550,000)? And the net rent a new landlord would then receive would be $46,200 - $20,000 body corporate fees - council rates - PM fees - land tax = less than $26,200? So less than 4.76% net yield? Possibly less...

I think he is very concerned, but at the same time is also very reluctant to part easily with his hard earned money. That being said, some things are definitely worth paying for. You don't want to inadvertently breach the SIS Act.

Hi china, What is the rent/sqm of comparable vacant office space in the area, or in your block? How big is your floor space in sqm? What are the body corporate fees? Who will pay the body corporate fees, you (ie. the tenant) or the new landlord? What sort of lease are you going to sign...

Not too sure on that sorry, I usually do what my solicitor/conveyancor suggests on this.

A bank cheque usually means going into a bank to get a cheque written and paying $5-10 or so for this. You need to check exactly who it needs to be written to. And this is different to just writing a cheque from your cheque book.

That's right, service entities I think they call them.

Fair enough, he is an employer.

From what I gather he is some sort of medical specialist, and if he is earning personal services income (as he is the only fee-earner with some part-time admin. staff), and has no low income beneficiaries, is there any advantage in operating under a trust structure as opposed to a sole trader?

Tough situation - if nothing is signed as there is nothing to sign, then I guess either party could pull out at any stage and it makes it hard to start engaging builders etc. Can you get them to sign a letter saying that you both agree to exchange on the property subject to contracts being...

Also to be frank, your accountant will earn a lot more fees with you buying a property in a SMSF... once-off fees and ongoing fees potentially for the next 30+ years.

It's also worth noting here that a business premises purchased inside a SMSF may not be entitled to the small business concessions on sale of the business and premises down the track.