With the recent financial turmoil, you’re seeing a number of potential buyers who have pulled back from the Commercial Property Market for the time being.
Therefore, for some properties, you are starting to see the “Neglect Effect” come into play.
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Even though things may be slowing in Queensland and over in the West … the Melbourne CBD Office market seems to be travelling quite well.
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There are a couple of questions on the minds of Commercial Property Investors at the moment.
And they go something like this.
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Because … the Vendor is rather keen to wrap this up, over the next week to 10 days.
Last Friday, the Rouse Street auction ended up being passed in on a “Vendor bid” for $975,000.
The current net rental is $65,500 per annum. And, in the current climate, the Vendor is now extremely realistic on price.
Have a quick look at the property, if you haven’t done so already. And then, give me a call on 0425 791 254.
