Hey Guys/Girls
This is my first post, but also my first foray into Commercial Property. I'm interested in your thoughts on this. My lender requires 35% deposit, remainder @ 7.25%. The ad says 9% return which isn't too bad, but I don't know Adelaide well enough to know if this is a viable location etc.
http://noagent.com.au/homedetails/2...th-Australia-Australia-5044/general?page_id=2
It appears to be close to the city/ocean etc, but i've been burnt before buying residential on 'popular opinion' of an area.
Any thoughts/advice/comments would be much appreciated.
Marcus
This is my first post, but also my first foray into Commercial Property. I'm interested in your thoughts on this. My lender requires 35% deposit, remainder @ 7.25%. The ad says 9% return which isn't too bad, but I don't know Adelaide well enough to know if this is a viable location etc.
http://noagent.com.au/homedetails/2...th-Australia-Australia-5044/general?page_id=2
It appears to be close to the city/ocean etc, but i've been burnt before buying residential on 'popular opinion' of an area.
Any thoughts/advice/comments would be much appreciated.
Marcus