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commercial propertysteveknobel26026 [4 Posts] I am new to the commercial property investment side of things SteveMcKnight [1569 Posts]  Hi, Sites of this kind with a good tenant usually attract strong bids from institutional buyers. I would call the agent (and commercial agents in the area) to ask what yield similar properties have sold for. That said, agents are telling me commercial yields have softened over the past 6 months, but that there is not the volume of sales to confirm it. At a guess, I would expect a 6 to 7% yield. Steve McKnight Don't miss the Urgent Investor & Property Market on the 9th August, visit:   yarpos [249 Posts] steveknobel26026 why do you feel the need to cross post 4 times in different forums, and twice in one of them, with the same post............................. Scott No Mates [762 Posts]  I'd be surprised if you could pick it up any cheaper than 3-4% on net yield. Many of these sites are hotly contested - do your research. Find some similar sites in Robina ie same zoning and similar size to get a feel for price, check whether they sold vp or with a lease on foot. Then add for the quality of the lease covenant. What sort of rent review is due upon exercise of the option - fixed, cpi or market? Is the usage a conforming use? ie will it be priced as a development site with a dampener as the tenant will in all likelihood exercise their option and lock the site up for a number of years? steveknobel26026 [4 Posts] yarpos wrote: steveknobel26026 why do you feel the need to cross post 4 times in different forums, and twice in one of them, with the same post...my apologies its my first time i thought by asking the same question in different boxes might steveknobel26026 [4 Posts] SteveMcKnight wrote:
Hi, thanks steve what an honour love your site and your knowledge it was my pleasure |
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