1 million dollar deal

lol not all retail is bad.
You need to check the lease conditions & length.
I'd stake out the area for a while as well.
Find out about the parking space, who owns what.
Do the neighbours have a right of way or access?
Don't forget to ask council adding floors.
All being good, after all that you can offer 900K and see what happens.
Though you will need 30% deposit.
 
who wants to lend to commercial atm ? i have ring my broker, and he says no cip. only residential.. havent try big bank though..
 
Hi Long

Plenty of money out there for SOME commercial deals.

65 % lend is about the right sort of LVR, some we can push to 70, but retail is tough

ta
rolf
 
also two additional points need to be highlighted:
(a) whats the interest rate on commercial lending?
(b) whats the loan duration that can be granted?

Its a very different game to residential.

I have absolutely no idea whether the above numbers 'stack up' for a regional retail purchase, but i do suggest not to wear your 'residential' hat and start wearing your 'commercial' hat.
 
trying to fit this "commercial Hat" on my head at the moment.. some more input will be great (and been reading chris lang book) and obviously the only way to get better is jump into it.

apparently, that one that i posted, someone make an offer already, and the agent is offering another 2 retail with mixed type business + residential in there.

could not find the link though..
 
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