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  1. #51
    Join Date
    Jun 2004
    Posts
    4,704

    Default

    Speaking of rent holidays - make sure it is a rent holiday not and rent AND outgoings holiday.

  2. #52
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    5,414

    Default

    Wayne where is this property located in the country?

    Ivan, yes of heard of that case but I thought they were able to cancel the lease using the Quiet Enjoyment clause in most leases.

    Hec, yep there are heaps of these kinds of things that go on in the commercial property world, so you have to be very careful.

  3. #53
    Join Date
    Jun 2004
    Posts
    4,704

    Default

    Hamilton of course.

  4. #54
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    5,414

    Default

    Quote Originally Posted by Wayne View Post
    Hamilton of course.
    Hamilton can be a bit tricky. Not sure why. But seem to hear stories like this about Hamilton.

    I think you're doing the right thing by letting at a lower rate and building it up over a period of years. Hopefully you'll be back to where you were shortly.

  5. #55
    Join Date
    Apr 2009
    Posts
    595

    Default

    ok I'm in a position to buy something.

    I don't buy into the negativity about different areas going this way and that way, lets just leave that to the daily b***sh*t newspapers. Commercial property doesn't make good reading to the general public.

    My buying rules are typical. Location, split risk, and add value. If you have to buy at a low yield to tick those boxes then that is what I do. Negotiate terms if you can't afford it.

    Even if you are a passive investor I still stick to those rules. Rents are going to increase.

  6. #56
    Join Date
    Jul 2011
    Location
    Tauranga
    Posts
    2,217

    Default

    The Commercial leasing / sales guy I know in Tauranga is getting pretty busy these days.

    He was saying there is a large block of property here which is on leasehold land, the rent for land has increased 30-36% over 5 years depending on who was negotiating for you. Heres another http://www.nzherald.co.nz/business/n...ectid=10797679

  7. #57
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    5,414

    Default

    Quote Originally Posted by DaveW View Post
    ok I'm in a position to buy something.

    I don't buy into the negativity about different areas going this way and that way, lets just leave that to the daily b***sh*t newspapers. Commercial property doesn't make good reading to the general public.

    My buying rules are typical. Location, split risk, and add value. If you have to buy at a low yield to tick those boxes then that is what I do. Negotiate terms if you can't afford it.

    Even if you are a passive investor I still stick to those rules. Rents are going to increase.
    Oh well, let us know how you go.

  8. #58
    Join Date
    Apr 2009
    Posts
    595

    Default

    Maybe I should create a blog for subscribers.

  9. #59

    Default

    Should commercial investors still assume that the normal yield is around 10%, and that today's market is extraordinary?
    Flipper... Fasterr than lightning

  10. #60
    Join Date
    Apr 2009
    Posts
    595

    Default

    Define "normal".


 

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