You can own a 10th floor office Suite for just $235,000.
If you are looking in the $200,000 to $250,00 price range, and want to move away from residential apartments … this could be what your are after.
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You can own a 10th floor office Suite for just $235,000.
If you are looking in the $200,000 to $250,00 price range, and want to move away from residential apartments … this could be what your are after.
[Read more…]
In an “earlier posting”:https://commercialpropertymadeeasy.com/2007/06/26/family-finances-are-being-stretched/, I raised concern over the dramatic increase in household debt — to the point where it now sits at over 150% of household disposable incomes.
As you can appreciate, the major concern has been as to how rising home-mortgage interest rates might cause a flow-on effect for Commercial investors. And this is because a fall in residential prices could adversely impact upon the security for any line-of-credit you may have against your home.
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Every six months, you’ll find Rider Levett Bucknall publish their “Oceania Construction Cost Commentary”. In this posting, you’ll find an extract from their July 2007 publication — which covers both the Australian and New Zealand markets.
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As the government spending and tax cuts add to consumer demand, you’ll see the Australian economy continue to grow strongly.
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Depending upon what your Lease specifies upon termination, the cost to “make good” the property can vary dramatically. Furthermore, the tenancy fit-out (and original condition) of the property can also impact on that cost.
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Whenever you acquire a Commercial property, you would normally investigate this as part of your Due Diligence — depending upon the current use made of the property.
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The earlier fringe-city Investment Property has been snapped up.
However, our Sales team at GrayJohnson have just listed a compact CBD Office Investment. And I’ve asked if my clients could have “first look” at it — before embarking on any formal advertising campaign.
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You would have been reading the reports lately about improved consumer sentiment; and retail sales certainly do seem to be on the improve.
But as you look around Australia; there has also been an incredible amount of new retail space come onto the market.
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Late last week, I was given advance notice of a soon-to-be-finalised tenancy, on a 4-year lease — for a brand-new commercial building.
You’re looking at $644,000 as an asking price. However, I’m sure we can do a bit better than that.
So, if you think this would fit within your portfolio … “let me know”:mailto:[email protected], and I can then provide you with some more details.
When I made mention of the revolving building planned for Dubai, a couple of people came back to me with some fascinating material.
If you’re interested you can “take a look”:https://commercialpropertymadeeasy.com/assets/2007/4/24/DubaiProjects.pps at what’s really going on over there.
You would have seen a fair amount of publicity about there being a looming skills shortage. And with the Construction industry, it still remains a dominant concern.
However, a recent survey conducted by Davis Langdon suggests there is a “glimmer of hope, with varying degrees of easing recorded across all trades.”
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Hopefully, you will quickly realise this is not a website for self-promotion.
Rather, everything here has been put together to provide you (as a serious Investor) with the very best insights into what you need to know ... in order for you to succeed with your Commercial property investing.
You see, the deeper your access is to all the key information and the more expert opinions you can learn from ... the more likely your ultimate financial success will be.
That said, you will discover everything you need right here – both readily available, and all in one place.
All the very best ... Chris.
Are you in the process of planning your next Annual Conference?
Or maybe you have in mind one or more Training Workshops, for different parts of your team?
Either way, if you're looking for someone to help train you or your team on ... Commercial Property, Creative Marketing, Goal Setting or Negotiating ... Chris Lang can certainly fill that role for you.
Take a look at this short Video which will give you an idea as to the sort of training that's available.
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