Hiya, have a question for the astute investors out there….
what are the advantages or disadvantages of purchasing residential property on the boundary of commercially / industrially zoned undeveloped land?
Love to here your thoughts
Loukediva :)I have no idea, perhaps there is the opportunity to rezone your property and develop as a commercial property, (a sit and wait strategy). Alternatively they could put in a scrap metal yard and smelter on your back fence. Not sure how that would add any return to the property (a get out quick strategy).
Long term valuation issues, potentially EPA site risks, lower rents etc.
Why buy a B grade investment when there’s millions of A grade investments out there. Remember, the pricing difference between now and the future will remain, so it will always lag behind average prices for the area.
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
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