Care to share your commercial holdings?

Very happy. Way happier than residential. I personally like retail with development potential, but I've also bought industrial and special purpose properties also (eg aged care, medical facilities etc).

 

Fantastic.
I like the idea of being able to develop the land max profits

 

Yes, I am always on the lookout for this kind of thing. But so very little of this of good quality available for sale in Sydney right now. Maybe I should look more at other cities? What are some well known and popular retail streets in other cities? I only know a handful in Sydney, e.g. John St in Cabramatta,

 

Excellent thread! been thinking of moving to commercial property for a while now but still have lots to learn so thanks for all the great info guys

 

Which type have been the best for you?
Are they mainly in HK or Sydney ?

 

Hmm. The best has been a particular retail, from an effort/return perspective. If just pure return then special purpose facilities, but they require effort (town planning, permitting etc, had to build it etc). The few I did or got involved all took 18+ months and headaches.

The retail was buy, find a few agents to compete, lease out, forget about it. Took 1 month all up and I haven't heard from it in 3 years. Rent goes up 4%.

They are Melb.

 

What sort of net yield are they?

 

They're all different. Some retail are around 5-6%. But the market now pays 3%. Had industrial at 7-8%. Special purposes can be 10%+ quite often.