THIS IS how The Age (on 9 July) described this recent purchase, which I successfully negotiated for one of my interstate clients.
Managing to reduce a $7.2 million reserve price down to a final figure of $6.4 million … resulted in a saving of almost $1 million.
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Finding good Investment Property under $1 million and close to the City … is becoming more and more difficult.
But I think I’ve come up with something worthwhile for you.
For the past few months, I have kept in touch with the Developers for a top site in Richmond, near Victoria Street.
And with construction for this Busness Park now just started, they’re allowing me to give my Clients an early shot a buying these Units.
The key thing for you is to have cash flow from “day one” — and I’ve managed to get that covered for you.
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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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.
Having survived the unintended barrage of postings last week, I just thought you needed a short break. Anyway something has now come up, which I thought you might wan to hear about.
About 6 weeks ago, I alerted you to an investment opportunity in the CBD. It was a strata office for around $240,000 with good depreciation benefits.
The interest from our eBulletin subscribers was quite amazing. And, during the ensuing fortnight, we had strong enquiry; plus a number of positive inspections … culminating in a rather quick sale.
As it turns out, I now have something similar close to the CBD.
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