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Business owner in auckland wanting to buy his own commercial property

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  • JBM
    replied
    The bank I deal with want me to come up with 50% deposit .. 67% min NBS%. ...

    Also I you want to buy a commercial Property for your Business ... just get your Business to make the purchase

    Leave a comment:


  • EddieHJJ
    replied
    Sounds about right. May be worth also checking with the pros

    Leave a comment:


  • Business owner in auckland wanting to buy his own commercial property

    hi all
    so i have a business that spends approx $100,000 a year for our premises (lease) here in Auckland, this is for flat sealed ground with power and water. no buildings.

    If I want to buy my own commerical property and be my own landlord for my business, is the below roughly correct?
    4% yield = value would be approx $2.5 million
    deposit required would need to be approx 35% so $875,000

    do I have that approx correct?


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