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.
Before putting your money into commercial real estate, it's important to understand what exactly you're getting into — to be assured that you're not going to be blindsided by any unexpected expenses or complications that may arise.
In this article, we'll discuss several cardinal components to consider before investing in commercial real estate, helping you move forward eyes-wide-open.
Starting with the fundamentals, it's important to note that the nature, process and outcomes of commercial and residential property differ.
The reasons for investing in commercial real estate generally vary from those in residential real estate. Therefore, it's important to have a clear understanding of your goals before making an investment decision.
Differentiating factors include:
Investing in commercial real estate may present advantages over residential properties and vice versa. Irrespective of the investment choice, achieving long-term success necessitates a comprehensive understanding of both domains, supported by expert advice.
To determine if commercial real estate is suitable for you, and to prevent unforeseen pitfalls, consider the following three points:
Given the intricacies of commercial real estate financing, many individuals opt for caution and engage financial consultants and legal professionals to review the agreement. Seeking a partner for joint financing can expand options and help alleviate financial pressure. Additionally, commercial real estate typically requires a higher deposit than many people anticipate, often around 40% of the total value, as demanded by most banks.
Commercial real estate is renowned for its advantages in the domain of rent, including higher rental income, longer lease terms, and increased motivation on behalf of tenants to upkeep the property. Though these advantages are true, it's important to understand risk.
Investors in commercial real estate may encounter extended periods of vacancy between tenants, particularly for larger properties or those with specialised uses that require a specific tenant type. Therefore, foresight and planning in this area are necessary.
Performing a building inspection before purchasing can prevent significant hurdles in the future. Building inspectors commonly check for:
Additionally, you can conduct due diligence by consulting with commercial property experts. Reach out to our friendly team who can help ensure that all areas of the investment are thoroughly evaluated and any risks are identified.
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.