Historical Commercial Property Sale Price

Discussion in 'Commercial Property' started by New_to_commercial, 4th Mar, 2022.

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  1. New_to_commercial

    New_to_commercial New Member

    Joined:
    4th Mar, 2022
    Posts:
    1
    Location:
    sydney
    HI Everyone

    Might be a dumb question but how would you find the historical sale price of a commercial property.

    With residential it is pretty easy to find on realesate.com.au but not having any luck with commercial property.

    The place I am doing research on at the moment is an office in 528 Compton road , Stretton, QLD.

    Trying to figure out if it is worth 850k+ with a tenant.

    Thanks in advance!
     
  2. Beano

    Beano Well-Known Member

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    7th Apr, 2016
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    3,345
    Location:
    Brisbane
    Talk to a valuer
     
    The Y-man likes this.
  3. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    27,094
    Location:
    Sydney or NSW or Australia
    It's irrelevant and has no bearing on the current value.

    You need to review the current market for nett yields & capitalisation rates.

    In the current market yields are compressed so prices will be high.
     
    Jmillar likes this.