What the median house price could buy you in commercial property

Investing in bricks and mortar assets means making a choice: residential or commercial property?

While requiring more capital up front, commercial assets can offer investors longer lease periods with fixed increases and a higher rate of return compared to residential property.

And it doesn’t have to cost more than the average home. We take a look at commercial properties across capital city markets that fall into the same bracket as the median house price, based on Domain’s latest House Price Report.

Sydney – $1.41 million

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For $1.5 million, you could snag a premium office suite with leafy views over Sydney’s Town Hall.

Visitors to the newly renovated building are greeted by sophisticated marble in the main lobby, leading to three lifts.

The office for sale covers 140 square metres with the current layout suiting dual occupants.

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Ready to manage a makeover? A commercial shop front connected to a three-bedroom residence has hit the market in Croydon.

The tired interiors need renovating, with the potential to be redesigned to provide one or two rental incomes.

The mixed-use building is up for grabs for $1.45 million.

Canberra – $1.095 million

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A 300-square-metre commercial suite in Lakeview House is now available to purchase as vacant possession.

Inclusive of amenities and a kitchenette, the space would be suitable as an office, retail shop, restaurant, cafe, indoor recreation facility or consulting rooms.

It’s for sale for $1.07 million.

Melbourne – $1.03 million

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Separated into two buildings, this single-level warehouse in Melbourne’s west is heading to auction in mid-March.

Alluding to the strong demand for industrial investments of this nature, the listing boasts it is “made of brick in theory, but pure gold in this market”.

The property is strategically located close to the Tullamarine Freeway, Western Ring Road and the Calder Freeway. It’s expected to sell for around $1 million.

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A brand new warehouse and office suite with amenities and five car parks is on offer for $969,000 – $60,000 less than Melbourne’s median house price.

The state-of-the-art Epping facility includes 176 square metres of warehouse space and a 79-square-metre office.

The property is one of 44 units within the new Willandra Business Park, developed by M3 & Gracon Group.

Brisbane –  $801,000

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In Brisbane’s south west, $800,000 could scoop up a two-storey industrial property with a showroom, office space and warehouse.

There’s also a separate loading area, and two car parks.

Adelaide – $784,000

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A corner block covering 2360 square metres in northern Adelaide is awaiting development and on the market with a price guide of $750,000 to $825,000.

Zoned as a Local Activity Centre, the lot could suit commercial, retail, office or industrial development.

Hobart – $738,000

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On the northern fringes of Hobart, a refurbished commercial building in a prominent corner position is expected to fetch circa $750,000.

The Claremont building is currently owner occupied and used as office space.

Darwin $647,000

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A brand new office-warehouse combo with six car parks will set you back $650,000.

The warehouse is 244 square metres, with an additional 38-square-metre mezzanine office with ducted air-conditioning and floor-to-ceiling windows.

Perth $658,000

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A premium office located on the eleventh floor of a Perth CBD tower is for sale for $600,000 plus. It comes with a kitchen and two car parks.

Article source: www.commercialrealestate.com.au

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