SA Commercial Property Advice - Sydney Eastern Suburbs

Discussion in 'Where to Buy' started by Ash55555, 14th Mar, 2018.

Join Australia's most dynamic and respected property investment community
Tags:
  1. Ash55555

    Ash55555 Member

    Joined:
    26th Feb, 2018
    Posts:
    10
    Location:
    Sydney
    I was looking to buy a commerical property in Sydney around $400-$500 mark in eastern suburb.
    I understand risks, etc.

    What is best way to find commercial property? This would be first time. I notice on Commercial Real Estate app, the prices are never written and it is really slow and painful exercise to contact agents.

    Is there better way?

    Also, within Sydney any suburbs people recommend. Ideally eastern or lower north as that is familiar area.
     
  2. Propertunity

    Propertunity Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    3,476
    Location:
    NSW
  3. Illusivedreams

    Illusivedreams Well-Known Member

    Joined:
    3rd Oct, 2017
    Posts:
    2,454
    Location:
    Sydney
    $400/500k is not going to get much.
    Maybe a 25m shop in. An. Average area in the east.
     
    Cia and Scott No Mates like this.
  4. EricIP

    EricIP Well-Known Member

    Joined:
    8th Dec, 2017
    Posts:
    59
    Location:
    QLD
    Once you start contacting agents and ask for Information Memorandum, Your search criteria will be recorded in the agents' database and will receive tons of emails with matching properties.

    But frankly, with $500k, you won't get anything in sydney. even with $1m, you won't get much in sydney unless you don't mind those vacant shops/offices with great risk of vacancy. With SMSF, there are so many investors looking $1~2m range.
     
  5. Ash55555

    Ash55555 Member

    Joined:
    26th Feb, 2018
    Posts:
    10
    Location:
    Sydney
    Thanks. What about office spaces? I recall 4 years ago there was around 50 sqm office space in lower north shore (pacific highway) for around 300k. Would have be worth over 600k now?
     
  6. Illusivedreams

    Illusivedreams Well-Known Member

    Joined:
    3rd Oct, 2017
    Posts:
    2,454
    Location:
    Sydney
    Commercial. Usually but not always has higher yield with lower capital gains.
     
  7. KinG3o0o

    KinG3o0o Well-Known Member

    Joined:
    17th Jul, 2017
    Posts:
    1,074
    Location:
    Sydney
    i personally wouldnt look at offices.

    those small 30-50sqm one can be awesome and easy to find tenant because cafes are the crazy.. yield really well too.. you make more money from the tenant than tenant make from sellling coffee.. even these dont come cheap now.. they go for a 800 - $1m yielding 6-8%.

    if u buy in the "pre - boom" many are looking at 10-12%. eastern suburbs dont have much commercial, commercial game are in the west or inner west..