Anyone buy any of these commercial holdings?

I like getting these sorts of emails, helps to expand my mind.

I don't mind the yield on the Prada shop in the GC (11.38%), short lease though!!!

http://cbreemail.com/rv/ff0079d01bdefedc9215feb7a44cb96237a72520

 

Is it gross or net yield? I'm not familiar with the street, what are the affinities for this location?

What's the vacancy rate? How hard will it be to find a replacement?

It's a large space - can it be split into two or 3 smaller tenancies without sacrificing shopfront?

 

Scott I love your list of questions as I wouldn't have thought of half of them! Out of interest what number of commercial properties do you have? Mine are boarding houses so only just commercial.

 

Hi Headsonbeds,
i was wanting to ask with boarding houses they must be very time consuming. how long have you been doing this for?

 

I've had 1 for over ten years and another for only 3. They certainly aren't like regular IPs, it's more like running a business. In saying that though it's only a few hours a week. Depends on the number of rooms in the building and your manager. Yields should be higher to compensate for this. I'd want 11%+ but depends on the future potential as well.