In the process of setting up an option on 2 x properties 1 x to flip to aldi, and one to flip to bunnings.

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In the process of setting up an option on 2 x properties 1 x to flip to aldi, and one to flip to bunnings. Or might draw a lease up.

#1 Nathan Birch

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Posted 08 June 2010 - 11:53 PM

Watch this space in the coming weeks!!

I have earmarked these sites and it is ironic how when something is presented you look at it from different angles.

I am thinking of selling site to Aldi

and with the other one keep the land for bunnings and build on it, lease it out and sell to a superfund on a 10 x 10 x 10 for 5% yield. or just sell straight out for them. All numbers look good for both sites.

Big W just paid 2.2mill for a site the other day.

Never looked at commercial as it looks messier then resi, however something like this that can be big but still small has given me a couple ideas.

Nathan Birch
W: www.nathanbirch.com.au Free forum www.binvested.com.au/forums
E: nathan@nathanbirch.com.au
M: 0406 88 NATH

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#2 Mr Aras

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Posted 09 June 2010 - 09:36 AM

Nathan Birch, on 09 June 2010 - 12:53 AM, said:

Never looked at commercial as it looks messier then resi, however something like this that can be big but still small has given me a couple ideas.

Latest issue of Australia Property Investor has an article on buying land just to do DAs or rezoning. It mentions that commercial customers really like to buy land which has all the paperwork and approvals already done on it. Good profits with very little capital outlay.