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  1. #11

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    Quote Originally Posted by Beano View Post
    Are any sprinklered ?
    Keen to know how often they need to be removed and tested ?
    None have sprinklers and only one has a WOF requirement

  2. #12
    Join Date
    Aug 2003
    Posts
    7,675

    Default

    Thanks for your replies. Would it be fair to say most residential investors wouldn't have deep enough pockets for commercial investing given the initial investment requirements and reality of lengthy vacant periods?

    cheers,

    Donna
    PropertyTalk Blog - property articles

    BusinessBlogs - the best business articles are found here



  3. #13
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,358

    Default

    Quote Originally Posted by Lovethiscountry View Post
    None have sprinklers and only one has a WOF requirement
    OMG I am so over WOF stuff. I have a compliance schedule as long as my arm in my place.

    Just having an argument now, quote to replace 2 emergency lights: $490, invoice sent $735. For 2 f**king lights. Spent $5k on door controllers recently too.

    Hard to find decent industrial property with any sort of return though. Seems to me the owner occupiers pay more for them than investors?
    Squadly dinky do!

  4. #14

    Default

    Quote Originally Posted by Davo36 View Post
    Hard to find decent industrial property with any sort of return though. Seems to me the owner occupiers pay more for them than investors?
    Got similar feedback anecdotally - End of tenancy recently - while looking for new tenants was asked if would sell - mentioned quite a high price and the real estate guys seemed to think that was achievable. Very little vacant stuff (of the type/location of property I had) and the sums looked better then leasing for owner operators. Multiple companies mentioned owner operators.

    In terms of the original question I think it's a piece of string question as a lot depends on what one is looking for in terms of risk, yield, capital gain, willingness to deal with crap tenants (residential) etc. I wish I did commercial years ago as only been at it a couple of years and no regrets so far. Much prefer to residential even if capital gain is less

  5. #15
    Join Date
    Feb 2015
    Posts
    378

  6. #16
    Join Date
    Mar 2015
    Location
    Brisbane Wellington Auckland
    Posts
    831

    Default

    Per m2 the difference is even greater
    Giving you an example in lower hutt wgton
    A commercial building can be had for $850 m2 land and building whilst a residential you would need to pay about $3,800 m2.
    Another example is in leasing
    A residential one bedroom in Wellington typically leases for $400 m2 whilst a commercial typically $50 to $100 m2
    Now people say residential will continue to grow faster than commercial

  7. #17
    Join Date
    Aug 2003
    Posts
    7,675

    Default

    People need somewhere to live but the same can not be said of commercial i.e. businesses don't need nor use commercial space like they used to. Smaller offices, co-working, remote working etc. Shopping online - that's changed the need for lots of retail space. Instead maybe the need for large format warehouses, but sometimes even that's not required either with product shipped from Asia etc direct to the door.

    Tech is changing everything. Less professionals needed (Doctor, Lawyer, Accountant Apps). Restaurant food delivered to your door so no need to go out. Drink at home due to alcohol and driving laws. Residential is still the less risky option?

    cheers,

    Donna
    PropertyTalk Blog - property articles

    BusinessBlogs - the best business articles are found here



  8. #18

    Default

    What do you mean by risk?

    All of these trends you talk about.... yet our biggest city is in paralysis and can't organize a proper functioning train system between the middle of the business district and the airport.
    Free online Property Investment Course from iFindProperty, a residential investment property agency.

  9. #19
    Join Date
    Feb 2015
    Posts
    378

    Default

    Quote Originally Posted by donna View Post
    People need somewhere to live but the same can not be said of commercial i.e. businesses don't need nor use commercial space like they used to. Smaller offices, co-working, remote working etc. Shopping online - that's changed the need for lots of retail space. Instead maybe the need for large format warehouses, but sometimes even that's not required either with product shipped from Asia etc direct to the door.

    Tech is changing everything. Less professionals needed (Doctor, Lawyer, Accountant Apps). Restaurant food delivered to your door so no need to go out. Drink at home due to alcohol and driving laws. Residential is still the less risky option?

    cheers,

    Donna
    all options are safe to start with until they start meddling with it. current govn is one example

  10. #20
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,358

    Default

    These days when we manage to build a house, the prime minister shows up!
    Squadly dinky do!


 

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