All Topics / Help Needed! / Price of Commercial Property

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  • Profile photo of PenPen
    Member
    @pen
    Join Date: 2005
    Post Count: 28

    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

    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

    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
    propertywizkid@yahoo.com.au

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

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