What Can You Do When Your Tenant Leaves?

Empty-Office

THE FIRST THING you need to do is come up with some creative ways to address this … AND still maintain your sanity, at the same time.

But no matter what your approach may be, there are several things you always need to do. [Read more…]

Now It’s Priced to Sell

HardwareLane

LATE LAST YEAR, Tenders were called for this Hardware Lane property — which closed just before Christmas.

Over the holiday break, negotiations progressed with two parties … without actually concluding a deal.

However, in the process, the Vendor has significantly reduce the price at which he is now prepared to sell.

The 5-level property is fully leased. And on the lower two levels, the Restaurant/Bar has a new 10+10 year lease, from September last year.

As of this month, the NET Passing Rental is $446,885 per annum. Furthermore, the property offers you a good spread of 6 tenancies, and 8 separate titles — including the Air Rights above the building.

Hardware-VidFeel free to visit the detailed website.

And if you are interested … give me a call on (0425 791 254) straight away — because both selling agents have now notified their databases of the latest pricing position.

Bottom Line: This offers you a great opportunity to secure a truly classy building, in a bustling precinct of the Melbourne CBD.

Will Lower Oil Prices Mean Improved Economic Growth?

Oil-decline

THE ANSWER is both Yes and No … depending upon which country you live in.

Oil-GDPLast weekend’s Financial Review reported an analysis by Oxford Economics, which predicted the likely effect upon GDP during 2015-16 … of oil being at $US40 Vs. $US84 per barrel.

And a quick summary of that is included over on the right. [Read more…]

Investment Opportunity … 67-73 Hardware Lane, Melb

Hardware-Lane

THIS TROPHY BUILDING is being offered for Sale by Tender — closing at 3 pm on Wednesday, 10 December 2014 (AEDT).

The magic of Melbourne’s cafe culture within its streets and laneways is well known throughout the world. And nowhere captures this cosmopolitan mix of food and buildings … quite like Hardware Lane. [Read more…]

Commercial Property: State of The Nation

Office-Buildings

OFFICE VACANCY RATES have lept towards 15% in Brisbane, Darwin, Canberra, Adelaide and Perth. And this takes the national average to 12.4%, as an overall vacancy level.

However, businesses are now leasing space once again in both Sydney and Melbourne — where their vacancy rates are currently hovering around 10%, according to Jones Lang LaSalle. [Read more…]

Your Age and The Full Passage of Time

Improve_with_age

I’M IN MY 40s … and well behind where I want or need to be. My career has stalled and the marriage is shaky because we’re constantly arguing about money. This is probably because my partner never returned to serious paid work after we had the children.

We’re far from making any dents in the mortgage. In fact, it’s actually rising slightly each year, what with the kids’ secondary education to pay for on top of all the other demands on our single income. [Read more…]

When is a Bank Guarantee NOT Guaranteed?

Dollar

YOUR TENANT’S OBLIGATION to pay rent, care for the premises and abide by the provisions of the lease is usually secured by your right (as the landlord) to terminate the lease and recover possession.

In reality, this does little to remedy the financial loss suffered by a landlord, as a result of a breach by the tenant. [Read more…]

Office Markets Around Australia

CBD-Offices

NO LONGER are the Office markets in sync, for the main capital cities around Australia.

During the last century, the CBD markets seemed to operate within a fairly regular 18-year cycle — in other words, from “peak to peak”.

However, all at ceased when the Global Financial Crisis hit in 2008. [Read more…]

FIRB Approval for Commercial Property

FIRB-approval

YOU SHOULD BE CAUTIOUS when entering into negotiations with foreign purchasers for the sale of property, due to the restrictions imposed by the Foreign Investment Review Board (“FIRB”).

Vendors should ensure that the contract of sale protects them when approval is required by the FIRB. Because, if the purchaser fails to gain approval, the FIRB can reverse the transaction. [Read more…]

Docklands Melb: High-yield Commercial Property Investment

Aquavista-Building

HERE YOU HAVE 110 car spaces within the Aquavista Building — on separate titles — and with a single tenant leasing them all.

The current Net Rental is $432,274.70 per annum (from 1 July 2014)

This sale by Public Tender only comes about, because two of my clients have agreed to offer their (adjoining) Parcels … where each one contains 55 car spaces. [Read more…]

Does Your Commercial Property Comply?

regulatory

ONE QUESTION often asked by inexperienced investors is whether or not you can manage your own Commercial property.

And clearly, the short answer is “Yes” … if you know what you doing.

However, owning a Commercial property means that you do have certain legal responsibilities. And among them are your property’s compliance with the various Essential Services requirements, under current Building Regulations. [Read more…]