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There are benchmarks for different types of commercial properties. E.G. Retail commercial properties usually sell on a different yeild than Office which is different again to Industrial. So you need to determine what class of commercial property you are looking at. You also need to know whether the property is tennanted or not as commercial properties that have a quality tennant usually sell at a lesser yeild (as the risk to the investor is reduced).
Cheers,
Nathan.
Thanks for your replies. Your excel template sounds great Wade, if you could email me a copy at [email protected] it would be very muh appreciated.
Cheers,
Nat.
Hi Sarah,
Regardless of your current position, I would talk to a bank (not just one) or a broker in regards to your borrowing power. It will let you know where you stand, and give you an idea of what has to be done (it anything) to start your property portfolio. Remember to research before jumping into your chosen market though!
Cheers,
Nat.