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  • Commercial property

    Hello PTers,
    Where would i find decent small commercial or industrial units for sale?
    Is there anywhere else apart from tardme and realestate.co.nz? Have had my eye on tardme for some time and not alot suitable comes up.

    Any pointers appreciated.
    Thanks

  • #2
    Make sure you're using the PrimeCommercial area of Realestate.co.nz. Other than that, not really. That's where all the deals are advertised.

    Beyond that, talk to some commercial focussed real estate agents in the areas you're looking at, and ask to see what they've currently got and get on their mailing list. You'll get a lot of spam, but there may be a gem in there somewhere.
    AAT Accounting Services - Property Specialist - [email protected]
    Fixed price fees and quick knowledgeable service for property investors & traders!

    Comment


    • #3
      There have been very few small industrial places for sale for about the last 10 years.

      When the OCR was reduced from 8.75% to 2.5%, everyone decided to a) Not sell and put the money in the bank and b) If you had money in the bank, to go out and buy property.

      Which is what the RBNZ wants. Money in riskier assets, not sitting around in bank accounts.

      Combine this with the same things you see in the residential sector like high building costs, difficult councils, high land prices, overseas buyers etc. etc. and you see why they are very rare.
      Squadly dinky do!

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      • #4
        Thanks for the replies.
        I was hoping there was a super secret trick but it looks like its just the usual trudgery.

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        • #5
          To my knowledge there isn't one.

          But if there were, and I knew it, I certainly wouldn't be posting it online.
          AAT Accounting Services - Property Specialist - [email protected]
          Fixed price fees and quick knowledgeable service for property investors & traders!

          Comment

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