Guys
I am new to commercial property investment and found this deal as good in current market. What is your opinion?
Here is the detail
Private sale Office Suite in St Kilda Road, 58 SQM, One car park, currently owner occupied but willing to lease it back for 16,000per annum + outgoings for next 3 years with 2 year option and the asking price of 250K. There is also CPI index rate increase every year. Owner is also willing to provide personal guarantee to backup the lease term. This office is partitioned into 3 rooms and recently fitted with new carpet. Recent rate notice assessment has the valuation for 275,000.
Is this a decent deal? How much bank will lend for these properties? Any one has any idea
Regards
Siva
I am new to commercial property investment and found this deal as good in current market. What is your opinion?
Here is the detail
Private sale Office Suite in St Kilda Road, 58 SQM, One car park, currently owner occupied but willing to lease it back for 16,000per annum + outgoings for next 3 years with 2 year option and the asking price of 250K. There is also CPI index rate increase every year. Owner is also willing to provide personal guarantee to backup the lease term. This office is partitioned into 3 rooms and recently fitted with new carpet. Recent rate notice assessment has the valuation for 275,000.
Is this a decent deal? How much bank will lend for these properties? Any one has any idea
Regards
Siva