why so many good guys for sale??

Discussion in 'Commercial Property' started by adam duckworth, 5th Jul, 2017.

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  1. adam duckworth

    adam duckworth Well-Known Member

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    i have been searching on realcommercial.com.au just looking around, and noticed about 10 good guys buildings up for sale, and wondering if any one knew why? is there a reason or just a coincidence, a lot are sold already

    EDIT: just counted there are 14....
     
    adam duckworth, 5th Jul, 2017
    #1
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  2. Bran

    Bran Well-Known Member

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    Amazon coming?
     
    Bran, 5th Jul, 2017
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  3. Phase2

    Phase2 Well-Known Member

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    probably this...
    15 Good Guys stores set to sell
     
    Phase2, 5th Jul, 2017
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  4. DaveM

    DaveM Well-Known Member

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    Bought by jb hifi
     
    DaveM, 5th Jul, 2017
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  5. adam duckworth

    adam duckworth Well-Known Member

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    good article but doesn't say why the portfolio is being sold off all at once
     
    adam duckworth, 5th Jul, 2017
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  6. adam duckworth

    adam duckworth Well-Known Member

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    has it really?
     
    adam duckworth, 5th Jul, 2017
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  7. Phase2

    Phase2 Well-Known Member

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    Pure speculation, but probably because TGG owned the real estate and leased it to the franchisees. When JBHiFi bought TGG they got the RE too. Now they want to off-load. Maybe???
    Either that or the owner just thinks that SE Australia has run its course and is taking their profit!
     
    Phase2, 5th Jul, 2017
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  8. DaveM

    DaveM Well-Known Member

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    About 9 months ago
     
    DaveM, 5th Jul, 2017
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  9. adam duckworth

    adam duckworth Well-Known Member

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    well id say your pretty much on the money there.... investors must see something in it though because half have a big SOLD sign on them.
    over $1m in rental on many of them, this is the ultimate goal. would be nice to have one or two of them wouldn't it?
     
    adam duckworth, 5th Jul, 2017
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  10. Otie

    Otie Well-Known Member

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    Lol I came to this thread wondering where you could buy "good guys"?
     
    Otie, 5th Jul, 2017
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  11. adam duckworth

    adam duckworth Well-Known Member

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    well goes to show how far behind i am o_O
     
    adam duckworth, 5th Jul, 2017
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  12. D.T.

    D.T. Specialist Property Manager Business Member

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    Sorry I'm not for sale :p
     
    D.T., 5th Jul, 2017
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  13. adam duckworth

    adam duckworth Well-Known Member

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    the good ones aren't for sale ;):D
     
    adam duckworth, 5th Jul, 2017
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  14. adam duckworth

    adam duckworth Well-Known Member

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    adam duckworth, 5th Jul, 2017
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  15. Starbright

    Starbright Well-Known Member

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    Commercial yields as tight as they have ever been, will get good money for buildings with long leases.
     
    Starbright, 5th Jul, 2017
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  16. geoffw

    geoffw Moderator Staff Member

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    geoffw, 6th Jul, 2017
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  17. Paul@PAS

    Paul@PAS Tax, Accounting + SMSF + All things Property Tax Business Plus Member

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    Good Guys was acquired by JB Hi Fi
     
    Paul@PAS, 6th Jul, 2017
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  18. Scott No Mates

    Scott No Mates Well-Known Member

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    It takes a while for news to get to WA.

    Have you heard that there's a boom in the eastern states? :rolleyes:
     
    Scott No Mates, 6th Jul, 2017
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  19. adam duckworth

    adam duckworth Well-Known Member

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    haha boom what boom? :D:D
     
    adam duckworth, 6th Jul, 2017
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  20. Corey Batt

    Corey Batt Well-Known Member

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    Not unusual for larger companies - ASX in particular - to offload assets like real estate if they believe they can achieve a higher ROI on their funds than the assets they're currently locked into. Considering the healthy market and relatively low ROI of commercial property compared to business it's not surprisingly at all.

    All sorts businesses have done the same - same reason why banks offloaded all their real estate assets years ago - it wasn't because they were doing it tough - but that they could offload their assets returning 8% and reinvest in their business returning 20%.
     
    Corey Batt, 17th Aug, 2017
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