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Last sale in area 2010 on approx. 6.2% yield. Yield on property in question 6.5%. This building is old but with some money put into it can then be stratatitled. It is currently a mix of resi and retail. There is land at the back of the property which may suit resi units. Position is premium.

That's interesting. Agent is working out yield on income - all expenses divided by a sale price which gives me the best indication of yield. Or have I misunderstood Scott?

cap rate - that all depends what you include in the net rent

Local guy. Tells me today that going to auction is seen more as a fire sale in this area atm. He would rather put a figure on it now after some time EOI. What do you mean by "cap rate"?

The only other significant commercial/retail sale in the area was in 2010 and it was a newer property so it is difficult to find something with which to compare the property in question. So in the end the yield will probably be the most impt factor for investors. The location is good. There is...

The property has been on the market ie realcommercial.com and advertised in the local area as EOI but now the agent wants us to put a price on it. I am concerned that putting a price on it may limit the outcome. I am not sure why we wouldn't go to auction. Even if it is passed in we can then...

Asking 2 1/2% which I think is standard but this is usually negotiable.

What commission should you pay a selling agent for commercial retail worth about 2mill?