looking at purchasing a commercial property at 480 Collins Melbourne.
The cost of the office suite is $261200
Depreciation(year1) $4948
Net Rent $15672
Size of Suite 32sq/mtrs plus 9sq/mtr balcony
Tenant: Collins street Tower Business Centre
Office Suites are already leased and offer you a 6% NET annual return – with 3% pa increases, and 3-yearly market reviews.
since i live in NSW country and I don't know Melbourne i was wondering if some of you Guru's can tell me if this is a good investment or not?
is it a building that you can negotiate on price?
is there capital growth in this building?
what cycle of the commercial property are we in?
how do rental per square metre compare to other commercial property in the area?
and other answer will be helpful in making my decision
Regards Rolly
The cost of the office suite is $261200
Depreciation(year1) $4948
Net Rent $15672
Size of Suite 32sq/mtrs plus 9sq/mtr balcony
Tenant: Collins street Tower Business Centre
Office Suites are already leased and offer you a 6% NET annual return – with 3% pa increases, and 3-yearly market reviews.
since i live in NSW country and I don't know Melbourne i was wondering if some of you Guru's can tell me if this is a good investment or not?
is it a building that you can negotiate on price?
is there capital growth in this building?
what cycle of the commercial property are we in?
how do rental per square metre compare to other commercial property in the area?
and other answer will be helpful in making my decision
Regards Rolly