The QLD market is the focus of our industry news this month, with the publication of reports highlighting urban development and growth in the commercial sector across QLD.
The QLD market outpaced Sydney and Melbourne in 2017, with the majority of the growth being attributed to high demand for commercial office space – which is continuing into 2018. Diversification could be the key for investors in this market in 2018 – you can read more about this here.
There’s also substantial urban development happening on the Gold Coast in the lead up to the 2018 Commonwealth Games, with this growth having impacts for both the livability and commercial interests of the area. You can read more about this growth here.
In management news this month we have recently been appointed as the managing agents for the Newcastle Leagues Club at 17 National Park Street, Newcastle West.
For more information about the club, check out their website.
Tip Series: Buying vs Leasing Commercial Space
We launched our latest Tip Series over on our Facebook and LinkedIn pages in January. This series focuses on the age-old debate of buying vs leasing a commercial space.
Our first tip is an important and simple question – can you afford to buy?
Purchasing a commercial space will eat into your working capital, which may hinder your business goals, so it is crucial to do your due diligence and ensure you’ve got your sights set on your long term goals and success of your business.
Our upcoming tips will explore the pros and cons of each option, and as always, if you have any questions don’t hesitate to get in touch with our team for specialised commercial advice.
Full brick construction, 104 sqm plus mezzanine level. Currently sectioned into warehouse and shop but could easily be altered to suit as required. $17,823.16 + GST per annum, plus outgoings.
For more information contact Jane Lestone: 0427 776 776