Hi all,
I was hoping whether someone out there would be able to provide advice around the purchase and maintenance of commercial property.
I have identified a couple of commercial properties in the Central West of NSW which on paper look to provide good secure lease returns. However, I am still unsure whether to pursue these opportunities because of a lack of knowledge about commercial properties.
My questions:
1) Are there any rules of thumb on how Commercial Properties (CP) perform against Residential Properties (RP) wrt. Capital growth, rent, vacancy rates?
2) Are there differences to be considered when approaching a lender for a loan to finance a CP investment vs RP?
3) What should we we watching out for when inspecting CP?
4) Is it a good sign if the current tenant is on an 18 month lease with an option to renew for 3 years?
cheers
bluejeans
I was hoping whether someone out there would be able to provide advice around the purchase and maintenance of commercial property.
I have identified a couple of commercial properties in the Central West of NSW which on paper look to provide good secure lease returns. However, I am still unsure whether to pursue these opportunities because of a lack of knowledge about commercial properties.
My questions:
1) Are there any rules of thumb on how Commercial Properties (CP) perform against Residential Properties (RP) wrt. Capital growth, rent, vacancy rates?
2) Are there differences to be considered when approaching a lender for a loan to finance a CP investment vs RP?
3) What should we we watching out for when inspecting CP?
4) Is it a good sign if the current tenant is on an 18 month lease with an option to renew for 3 years?
cheers
bluejeans