Hi
I was wondering if it was difficult to get finance for a 27sqm (has a 50m2 out door area under cover) commercial shop that would suit a cafe or wine bar.
I know banks get funny around sub 50sqm residential units, will I experience the same problem with commercial? If there is no issue with the size what would the max leverage be if a bank wanted to lend.
Also, does anyone have a rough rule of thumb of what a small cafe in a 30sqm shop could turn over?
Property is in Brisbane's West End not in the main hub (if that helps)
I was wondering if it was difficult to get finance for a 27sqm (has a 50m2 out door area under cover) commercial shop that would suit a cafe or wine bar.
I know banks get funny around sub 50sqm residential units, will I experience the same problem with commercial? If there is no issue with the size what would the max leverage be if a bank wanted to lend.
Also, does anyone have a rough rule of thumb of what a small cafe in a 30sqm shop could turn over?
Property is in Brisbane's West End not in the main hub (if that helps)