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That’s all pretty standard stuff. Let us know how you get on.
With commercial RE as long as it’s not illegal, than any deal you make is as good as any other. i.e you don’t need to pay for it, if the tenant wants it, than they pay for it.
So it’s up to you. Do you want happier tenants? Andrew’s 50-50 is a good idea. depend on the tenant though.I know this post was from dec, so OP how did you get on?
Sounds like you could be making a headache for yourself. This was a little while ago now, but how did you go?
Strata and DA… Could be trouble, perhaps you made need a change the use, supply parking, fire rating etc, when your on the fringe of doing things incorrectly than it’s like walking a knife edge.
Selling unapproved building can be tough unless you find a like minded purchaser who is also willing to forego regulation.Interesting idea, i wonder though how difficult it’ll be to lure people away from traditional RE.
Once you get into reasonable size commercial, it’s a little more professional than a webjet style website. Could have a place in the market though.best of luck
I (we, partnership) just sold three offices (one building) as a whole, we where considering strata-ing the units.
We found in the research we did that you get into a different market, owner occupier as the units are smaller and cheaper than the whole, rather than straight investors.
As it turns out an owner occupier bought it striped one of the units and moved in. And will enjoy an income from the other two units.On your other point, re the fit out. In the lower end of the market I’ve found that a basic fit out will attact more small businesses as they tend not to have a budget for fit out. 100 or more square metres of office means lots of staff, big office, big costs and usually brings the type of business that has a fit out budget.
In the past I’ve “loaned” tenants money for their fit out that is amortized over the first period of the lease.
Provided a white cube, plastered walled (external) ceiling, some power points phone and sufficient lighting for office work.
