I'm a long time lurker and first time poster to this forum and the variety of opinions and investment styles has helped me formulate an investment plan for my family's future to a point where I am considering a purchase of a commercial property and was wondering on what people's thoughts were in regards to buying a commercial investment property on the central coast? It would be a tenanted retail/professional office type investment, not an industrial one.
My concern is that the commercial property market is quite slow up there at the moment, so is now a good time to buy and what type of returns should I expect at the moment given the risk that such a property may be vacant for a reasonable period of time before a tenant is sourced, or would it be better to wait and see.....
I really want/need to get this decision right, so any thoughts on this would be most appreciated.
Deb
My concern is that the commercial property market is quite slow up there at the moment, so is now a good time to buy and what type of returns should I expect at the moment given the risk that such a property may be vacant for a reasonable period of time before a tenant is sourced, or would it be better to wait and see.....
I really want/need to get this decision right, so any thoughts on this would be most appreciated.
Deb