Hi All,
What are people's views as to strata titled commercial office space (with an existing tenant in place) as an investment?
For example, low rise (i.e. 3 - 5 levels) with a suit circa 100 square metres?
I.e. South Yarra, Hawthorn, type of areas in Melbourne.
Research shows rent are around $290 to low to mid $300's per sqm, and a cap rate of 6.5 - 7% depending on how you negotiate and how realistic the current rent is compared to market.
Does anybody own such property? What has been your experience? How have you gone with vacancies?
Thank you.
What are people's views as to strata titled commercial office space (with an existing tenant in place) as an investment?
For example, low rise (i.e. 3 - 5 levels) with a suit circa 100 square metres?
I.e. South Yarra, Hawthorn, type of areas in Melbourne.
Research shows rent are around $290 to low to mid $300's per sqm, and a cap rate of 6.5 - 7% depending on how you negotiate and how realistic the current rent is compared to market.
Does anybody own such property? What has been your experience? How have you gone with vacancies?
Thank you.