Mr & Mrs Carey own a commercial investment property and a residential investment property. They have both properties managed by the same residential agency to make it ‘easier’ for them to deal with. Recently, an issue occurred in relation to the commercial property, resulting in the client moving their commercial property to our specialised commercial
For many years, for many people, buying commercial property through a self-managed super fund (SMSF) has been a great way to grow wealth. One key advantage in purchasing a commercial property over a residential property through the SMSF structure is the ability it gives a member of the SMSF to lease the property back to
The Central Coast commercial property market has been experiencing a boom of its own following the recent boom in residential real estate on the Central Coast, and off the back of the commercial property boom in the Sydney market (that’s a lot of boom!). Just as the residential sector is starting to cool off and
Understand more about ‘options’ in commercial leasing and consider if it might be right for your business What is an option? An option gives a tenant the right, but not the obligation, to extend their lease beyond the expiry of the initial term. The term of the option period is predetermined during the original
When you’re looking to lease a commercial property, take note if the asking rent is a ‘Gross’ rent or a ‘Net’ rent. We have seen the delay of many leasing processes simply because this point wasn’t clear from the outset and the prospective tenant didn’t ask the owner or the agent. When it comes to
Think you’ve found your next commercial property, to buy or to lease? Before going ahead, here are the top seven things to consider to save money and headaches. Zoning: Is the property you’re considering in the correct zoning for your business use? Find out by contacting Central Coast Council. While you can ask your agent or
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