Retail cafe presents rare investment opportunity in Rosebery
The highly sought-after retail strata space at 77 Dunning Avenue, Rosebery is now on the market for buyers seeking a leased investment opportunity.
As an investor, you may want to purchase a property to expand your investment portfolio. You may also consider purchasing a retail shopping centre for the attraction factors you believe the property type provides to your existing property mix.
Where do you start? Diversity is a good thing in property investment because it spreads the risk. Retail, office, and industrial property ownership can provide you with a ‘diversity plan’.
Most investors like to hold their property assets for several years so the improvement in yield and value can start to take effect. Any investor should purchase a property with a plan in mind.
Look around your town or city. You may know a retail property locally, and its location and then consider it worth investigating for investment. At that point, the research starts. There are things to get deeper into.
Understand that any retail property is typically complex because many tenants will be in occupation. With that, there will be the variables of leases and the customer and tenant use of the property. Therefore, a checklist approach is suitable when assessing any retail property and its opportunity for you as an investment.
Even in this changing property market, retail shopping centres are quite desirable as a purchase alternative for the experienced investor. However, how big should the property be? What stability do you need to satisfy your lenders? How much purchase price can you afford? Then, it is time to make some decisions.
When proper research is undertaken, the future opportunities of the property are more apparent. So let’s help you start with some simple property investigation rules.
You can add to this list as you move closer to your decisions; however, here is a ‘base plan’.
So, these five factors will help you investigate the local property market and any interesting retail properties you believe could suit your purchase or investment plans. Use these items and make a checklist that you can expand on with other topics that are your priority.
AUTHOR
John Highman
0417 221 108 | j.highman@rwsp.net
Ray White Commercial Gold Coast
Shopping Centre Sales and Leasing Specialist
The highly sought-after retail strata space at 77 Dunning Avenue, Rosebery is now on the market for buyers seeking a leased investment opportunity.
In the heart of Parramatta’s thriving business district, an exceptional freehold building is being offered for sale via expressions of interest by RWC Western Sydney’s Joseph Assaf, Victor Sheu and Andrew Sacco.