I am looking at buying a Commercial Shed on the Sunshine/Gold Coast. Less than 200sqm. There are a few sitting empty in the local estate that I am looking to purchase. What would the risk be of it sitting empty for years? Just keep lowering the price until it is leased I guess?
Any standard prices per sqm for a concrete tilt shed to buy and leasing rates that I should be considering?
Listings seem to be about $2071/sqm to buy and to lease is about $125/sqm/y plus outgoings.
Never dipped my toes into Commercial any tips would be great…
loan structures are different (you will generally need 30% plus for put down)
setting leases is more difficult but more lucrative (potentially)
yields are generally higher
Multiple options to get a tenant yes making the price competitive is a must.
have a clear strategy, understand the demographic and have enough CF to survive the time it takes to get a lease in force.