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Thanks always for sharing Dazz. I doubt there's another bloke in Australia who has done what you have and is prepared to share it.

for our first dunk into cbd comm, I'd use a specialist lawyer of reputation to negotiate the contract, and consult with at least one other. If I wanted a contract with wobbly wheels, to travel a road of potholes, I'd stick with resi.

I agree. If you want a tenant who is more recession proof, like a multi-national, they're more than likely to need a lot more than 500m2 in the burbs. In Brisbane it is scarey how many 'for lease' signs there are on reasonably located industrial/commercial sheds up to 1500m2. Less so on...

Who's a lucky mortgage broker then???

Presume the cap rate isn't far off gross less interest, and rent escalation matches real rate of inflation, not the ABS BS figure. It seems when lease expires, you'll have earned after tax dollars equal to ~50% of current value. No chance of retail residential leases ever doing that.

hmmmm....not Brisbane?