All Topics / Help Needed! / Price of Commercial Property

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  • Profile photo of PenPen
    Member
    @pen
    Join Date: 2005
    Post Count: 28
    May 9, 2006 - 2:32 am

    I am looking at purchasing a commercial property which has a tennant who is operating a cafe…..it occured to me, how do I know that the price the vendor is asking is what it should be ?

    Is there some sort of formula to work this out ?

    It is cash flow positive.

    Many thanks

    Profile photo of elkamelkam
    Member
    @elkam
    Join Date: 2006
    Post Count: 722
    May 9, 2006 - 9:44 am

    Hello Pen

    I believe there is a general formula based on the income of the property. Maybe you should ask your accountant if he familiar in this area.

    Sorry that’s the best I can do.
    Good luck

    Elka

    Profile photo of RikkyRikky
    Member
    @rikky
    Join Date: 2005
    Post Count: 313
    May 10, 2006 - 11:59 am

    Research simular propertys in the area and recent sales in the area and compare

    We buy properties cash fast settlements no fees no fuss. contact me on 0408 355568
    [email protected]

Viewing 3 posts - 1 through 3 (of 3 total)

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