Forums / Property Investing / Commercial Property / Wanting to buy a warehouse in inner west of Sydney

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  • Profile photo of ChrisChris
    Participant
    @flysky3213gmail-com
    Join Date: 2018
    Post Count: 1

    I have been looking for purchasing a modern high clearance warehouse close to Strathfield South, Sydney for almost one year, but I cannot find any suitable one. Why is the stock so tight in the market? I have been in touch with many commercial agents and search common commercial estate website every day. I am very frustrated since my current lease will be expired soon and I do need a bigger place to expand my business.

    Profile photo of Corey BattCorey Batt
    Participant
    @cjaysa
    Join Date: 2012
    Post Count: 1,010

    Commercial in general doesn’t have the same amount of supply as compared to say residential property, but there is usually less demand too. This means that an area can have very few properties available, but still struggle to sell any stock available for some time.

    Realistically the only option for you is to consider a broader search of other areas – or if there are reasonable rental options to try see if the existing owners would otherwise be interested in selling, something that happens often.

    Corey Batt | Precision Funding
    http://www.precisionfunding.com.au
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    Investment Focused Finance Strategist - servicing Australia-wide

    Profile photo of DentrinosDentrinos
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    @nickdentrinos
    Join Date: 2018
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