what should your first purchase be?

Discussion in 'Commercial Property' started by Elives, 6th Sep, 2015.

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  1. Elives

    Elives Well-Known Member

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    Hi all,

    If you have hardly no knowledge about commercial property, what would be an easy / safe investment just starting out? a retail shop?

    Cheers, Elives
     
    Elives, 6th Sep, 2015
    #1
  2. 2927

    2927 Well-Known Member

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    Are you looking to purchase or lease.???
    Each carry there own setup and legal costs.!!!
     
    2927, 6th Sep, 2015
    #2
  3. Scott No Mates

    Scott No Mates Well-Known Member

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    Anything not covered by restrictive legislation like the retail leases act is a good place to start.

    You might consider a shop with an office/ residence in a strong shopping strip eg Mosman, Burwood, Eastwood etc to spread risk and exposure.
     
    Scott No Mates, 8th Sep, 2015
    #3
  4. D.T.

    D.T. Specialist Property Manager Business Member

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    He said investment, so presumably means purchase

    Retail Tenancies Act is almost as restrictive as its Residential cousin so I'd avoid it unless you're using a property manager. Just like with your resi investments, you need to have a think about what is in demand in your chosen area to suit your target audience.
     
    D.T., 8th Sep, 2015
    #4
  5. 2927

    2927 Well-Known Member

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    That's why I added "question marks", I could then ask, "have you thought of a lease, with an option to purchase".
     
    2927, 8th Sep, 2015
    #5