From: Simon .
I made some enquiries via the internet on commercial property in Brisbane. I have built up a rapport with one agent in particular who has found me an office suite in a good suburb in Brisbane not too far from the CBD.
The vendor was motivated to sell prior to 30 Jun - I am unsure of the reason. Anyway the agent was putting pressure on me to make an offer before this date but I was fudging for time as I didn't plan to be back in Australia before 29 Jun.
To cut the story short I put in a low ball offer that I fully expected to be knocked back. I wouldn't even have been surprised had the agent refused to present it.
Anyway blow me down the vendor is seriously considering it and will let me know in 48 hours.
At this price the return will be a fraction under 17%pa which should see me comfortably managing it.
Earlier in negotiations the vendor said he could put a tenant in on a 3+3 lease at a price satisfactory to me. Now that we are negotiating for 30 Jun settlement he is asking that
"Before he responds officially he
would like to know if you will accept a lease guarantee from him directly.
The reason he suggests this is that it would provide him with the
opportunity to put a tenant in place for you while avoiding the
paperwork/GST headaches of subleasing"
My questions are:
1. Can someone recommend a good valuer that is accepted by the major banks in the Toowoong area.
2. Can anyone comment on the Toowong commercial area. I hear vacancy rates are 5%?
3. Can anyone comment upon the lease guarantee vs the tenancy that the vendor is offering and the GST implications.
4. Where can I get figures for past sales of suites in this building?
5. Is it possible to settle in two weeks?
I really appreciate any assistance that anyone can offer me...time is short and it makes things so much harder when I live overseas.
Simon
I made some enquiries via the internet on commercial property in Brisbane. I have built up a rapport with one agent in particular who has found me an office suite in a good suburb in Brisbane not too far from the CBD.
The vendor was motivated to sell prior to 30 Jun - I am unsure of the reason. Anyway the agent was putting pressure on me to make an offer before this date but I was fudging for time as I didn't plan to be back in Australia before 29 Jun.
To cut the story short I put in a low ball offer that I fully expected to be knocked back. I wouldn't even have been surprised had the agent refused to present it.
Anyway blow me down the vendor is seriously considering it and will let me know in 48 hours.
At this price the return will be a fraction under 17%pa which should see me comfortably managing it.
Earlier in negotiations the vendor said he could put a tenant in on a 3+3 lease at a price satisfactory to me. Now that we are negotiating for 30 Jun settlement he is asking that
"Before he responds officially he
would like to know if you will accept a lease guarantee from him directly.
The reason he suggests this is that it would provide him with the
opportunity to put a tenant in place for you while avoiding the
paperwork/GST headaches of subleasing"
My questions are:
1. Can someone recommend a good valuer that is accepted by the major banks in the Toowoong area.
2. Can anyone comment on the Toowong commercial area. I hear vacancy rates are 5%?
3. Can anyone comment upon the lease guarantee vs the tenancy that the vendor is offering and the GST implications.
4. Where can I get figures for past sales of suites in this building?
5. Is it possible to settle in two weeks?
I really appreciate any assistance that anyone can offer me...time is short and it makes things so much harder when I live overseas.
Simon
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