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.
When you want to purchase a commercial or retail property, there are things to investigate before you make an offer. First, get to know the property and the region comprehensively before making an offer.
The improvements of a property would include the layout, design, use factors, and code compliances. Consider these questions.
So, the rules are simple here. You are purchasing a property with an income stream, so consider how that property will function for the current and immediate future.
The regional assessment would help you understand the supply and demand factors that impact any investment property and location. New regional developments may impact nearby future rents and local businesses.
Developers like to fill their properties fast and will provide plenty of incentives to encourage local businesses to move to their properties. Don’t lose your tenants to the activities of nearby property developers.
You don’t want to purchase an investment property where most tenants would soon be moving. As part of that review, check out the rental history and risk of future arrears.
Finding the right property to purchase is the first factor of consideration. When found, the short-listed property can be investigated in many ways so you can feel more comfortable when making the offer.
There are things to investigate as part of the property purchase. Here are some of the bigger ones that relate to the income stream and the physical property:
So, these four factors are worth investigating when you purchase a commercial or retail property. Seek to understand the property before you make the purchase. A professional and experienced property agent will help you through your investigations so you can make an informed offer to purchase.
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.