Commercial Property - Very Little For Sale.

[speights boy]

Has anyone figured it might be something to do with how hard you work and how frugal you are.

Well, as we are talking about non-resident foreigners with this policy; I guess it is impossible to tell the source of their funds.

Do you think we should make some sort of checks on this, or just let all monies flow into the country no matter how it is sourced ?

[DaveW]

Well, as we are talking about non-resident foreigners with this policy; I guess it is impossible to tell the source of their funds.

Do you think we should make some sort of checks on this, or just let all monies flow into the country no matter how it is sourced ?

I think you two had better start another thread.

[Davo36]

$495,000 for 10 sqm?

http://www.trademe.co.nz/a.aspx?id=707791826

Sounds like a bargain! I wonder if they'll have more I can buy?

[Glenn]

$495,000 for 10 sqm?

http://www.trademe.co.nz/a.aspx?id=707791826

Sounds like a bargain! I wonder if they'll have more I can buy?

Too bad I can not channel some of those foot trafficers past some of my rentals. Of course they would need to speak at least one of the 20 or so languages commonly heard on our streets these days. I just got a registered valuation done for a food shop in CBD Nelson. (yes do have a CBD).
The valuer said the rent which I negotiated for the owner two years ago is now too high. At that time I dropped it 25%. Now they say we need to drop it a further 28%.
Guess what the cap values are doing.

[Davo36]

Too bad I can not channel some of those foot trafficers past some of my rentals. Of course they would need to speak at least one of the 20 or so languages commonly heard on our streets these days. I just got a registered valuation done for a food shop in CBD Nelson. (yes do have a CBD).
The valuer said the rent which I negotiated for the owner two years ago is now too high. At that time I dropped it 25%. Now they say we need to drop it a further 28%.
Guess what the cap values are doing.

Bugger Glenn, that's not good at all!

I find valuers are pretty conservative folks, maybe just don't show it to the tenants and leave the rent where it is?

[Glenn]

Bugger Glenn, that's not good at all!

I find valuers are pretty conservative folks, maybe just don't show it to the tenants and leave the rent where it is?

Surprise.!!!
Why do you think the owner pays me. Anyway I can not speak Korean.
I have to walk a tight rope between convincing the tenant they are getting a great deal and the owner.
Nothing like a valuation like that to convince the owner I am doing a great job.
The hard bit to swallow is the $800 charge for the work that I could have done for nothing.
I have already used that valuation on another commercial owner who thinks his tenant is disposable all because he is two weeks over due with this months rent.

[jamescenton]

For industrial property, i only believe on Moss Industrial Estate. They had provided me best location in best price.

[speights boy]

Good news for A grade landlords.
Expect rent increases to be passed on to customers however.

Big squeeze on Akl CBD property

Auckland businesses are squeezed for office space, and the central city is experiencing its most critical shortages of commercial real estate on record.
So rents could be about to shoot up fast.