Forum Replies Created
Hi
Just wondering what a TAUREST is?
Is it a resting place for Bulls[thumbsup2]
Regards
Garrytas[email protected] Always have cashflow positive Tasmanian commercial properties
availableHi Merry
6% sounds pretty competative check the fees and extras, get a list of charges.Find out how often they inspect the premises.
Good luck with it [thumbsup2]
Garrytas[email protected] Always have cashflow positive Tasmanian commercial properties
availableHi Elle
If you are in the Devonport area, and want to speak to someone who is totally biased toward Tasmania and the NW Coast [thumbsupanim] in particullar but does have an understanding of what you may be looking for give me a call.or PM me.
Regards
Garrytas[email protected] Always have cashflow positive Tasmanian commercial properties
availableI Guess it comes down to spreading the risk factor
I think I would rather have 10 x $1mill commercial properties,than 100 x $100K residential properties, but I would rather have 10 residential props than 1 commercial.Hope this makes sense!Commercial Properties are generally better yeilding and less hassle but if they are vacant it can take a lot longer to get the right tenant also their value is usually based on return so a drop in rent could possible lower the value. like all Investing make sure you can cover the worst case scenario!
Regards
garrytas[email protected] Always have cashflow positive Tasmanian commercial properties
availableGood morning Yorker
I thought you might like it!
regards garrytas[email protected] Always have cashflow positive Tasmanian commercial properties
availableYes I think you are!
Unless you are charging an annual rent.
Normally residential rent is based on a weekly figure of which there are 52 weeks in a year,
Therefore weekly rent*52/12 would be correct
If you were for example charging say a rent of say
$25000 per year then the second method would be correct, more usual in commercial situations.
Regards
Garrytas[cigar][email protected] Always have cashflow positive Tasmanian commercial properties
availableThanks Yorker can I have one as well, with regard to Rosebery I wasnt recommending a purchase, just pointing out the difficulty with managing a property there! No we don`t manage properties in Rosebery or sell them, with regard to RE agents comments, The facts can be checked,what has happened over the last 4/5 months in Tasmania is the volume of sales has dropped considerably, however the prices have not yet. Yes you are right the fantastic growth over the past 2/3 years will not be repeated untill the next cycle commences. When you consider that the median price of property here is less than $200,000 I dont think there is a great downside compared to other markets in Australia
Regards Garrytas[thumbsupanim][email protected] Always have cashflow positive Tasmanian commercial properties
availableHi Yorker
Certainly things in Sunny Tasmania are moving again NW Tasmania median price moved upwards 3% in the last 3 months to August( comm bank property stats) the enquiry level has certainly increased, and sales in the mid- high price range are now happening Yes Spring is in the air!!
BTW haven`t been to Rosebery for a while, but I would imagine the biggest problem there would be the lack of an on site property manager for selection and monitering of tenants. certainly cheap though!
Regards
Garrytas[email protected] Always have cashflow positive Tasmanian commercial properties
availableHi Sonia
Just do it!!!!!!!!!!!!!
Best 3 days ever spent
Regards
Garrytas[thumbsup2][email protected] Always have cashflow positive Tasmanian commercial properties
availableHi Judy
First thing first,
Check with local council that you can do it !
otherwise you can waste alot of time.
Good luck
garrytas[wink][email protected] Always have cashflow positive Tasmanian commercial properties
availableHi Yorker
Just a hungry REA looking for a free lunch!!!
Regards
garrytas[thumbsupanim][email protected] Always have cashflow positive Tasmanian commercial properties
availableWelcome Unified,
I`ll start the ball rolling!
IMHO Important things to look for
What is the history of vacances in the shopping strip How easy would it be to rent if the tenant falls over.
How strong is the tenant, for that you would need to see his trading figures,personally I would not like to see his rent at more than 10 % of his turnover and pref 6/7 %
Do a credit check on him to see what his payment
history has been like.
Over to the other guys
Regards garrytas[cigar][email protected] Always have cashflow positive Tasmanian commercial properties
availableThanks Boriqa
Can you check the address again for me
Regards
Garrytas[cap][email protected] Always have cashflow positive Tasmanian commercial properties
availableHi Yorker
I guess thats the million doller Question.
My own experience in Tas is that the volumes dropped dramatically during the winter but prices held, no sign of panic selling, and the median price rose slightly. With Spring nearly here volumes of sales are increasing slightly. I think that with a median price of $180,000 there is not a lot of downside here.
regards
garrytas[cigar][email protected] Always have cashflow positive Tasmanian commercial properties
availableHi everyone
As a REA i would consider it very un profesional to submit anything less than a written contract to my vendor, yes we all would like an unconditional contract but the reality is there is usually some legitimate reason for clauses,hower they should be specific and not general.
regards
garrytas [cigar][email protected] Always have cashflow positive Tasmanian commercial properties
availableHi Tools
Generally commercial rents are net that is +gst,and the lessee pays the land tax,there are exceptions.
Purchase prices are usually + GST but again there are exceptions,the owners can apply the margin scheme in some cases.If they are being advertised it should state + GST but there is a lot of confusion in this area so ask the question.
regards
Garrytas[email protected] Always have cashflow positive Tasmanian commercial properties
availableHi Gmh 454
Would you rather earn $1mil per year in Sydney and have a mortgage on a $5mil waterfront property
or $400,000 a year in Hobart and live in a Waterfront property of the same standard for $1mil? It comes down to preferences wether you want to sit on the harbour bridge in traffic jams
or complaining that you were caught at the traffic lights and it took 7 minutes instead of 5 to get to work.We all make are choices.[cap]
regards
garrytas in sunny Tasmania[email protected] Always have cashflow positive Tasmanian commercial properties
availableWill have to jump in and defend Tasmania from someone that has lived here for 20 years ( previously lived Sydney,Paris, London.)There are 2 teaching hospitals , one in Hobart, one in Launceston and 2 major hospitals on the NW coast( Burnie, Devonport) and like all regional hospitals are facing increasing difficulty recruiting staff. Having said that after just visiting my mother in the UK who was in Hospital there give me Tasmania any day[baaa]
[email protected] Always have cashflow positive Tasmanian commercial properties
availableThe Mall in Devonport is always very tightly held
vacancies fill quickly, usually property rarely comes available, and I have a list of prospective puchasers waiting for property there.
yeilds generally around 8% but nothing has sold recently to test that. Devonport is experiencing strong commercial growth with the advent of the new Ferries.so property with strong tenants in prime positions would be good investments.
Regards
Garry[cap][email protected] Always have cashflow positive Tasmanian commercial properties
availableHi ANUBIS
Sadly I don`t have a spare 1/2 Mill Deposit,
otherwise I would
[wail]Regards
Garry[email protected] Always have cashflow positive Tasmanian commercial properties
available
