Best Way To Analyse Commercial Property??

Hi Steve.

I found a few Commercial Prpoerties. I just don’t know how I should be crunching the numbers and what numbers I need to do the crunching.

e.g. Property Details as I have found it.
* brick single storey building currently housing a Government Tenant,
* configured to offer 2 offices plus reception with staff facilities at the rear
* presents quite well and is located close to other professional suites in the Street
* floor space – 150 sqm
* price – 69,000
* Current return on asking price is 8% and genuine offers are invited

Now what do I do & what other info do I need

* I know I need – rent/wk = 106.5 /wk (got from 8% return)
* 11 sec solution – $53,250 (thus asking price too high)
* I should find out outgoings & who pays
* What the lease length is
* what management costs to inspect, collect rent etc.
* and what else do i need and any other advice you can give me?

Also, what finance should I use? e.g interest only, how long etc.

Thanks,
Christian []