What commercial property is selling for bargain prices? REA's Nerida Conisbee

EXPERT OBSERVER

When considering commercial property, you may think you need a lot of money, and most commercial property is indeed expensive. However, there are bargains to be had.

The majority of the cheapest listings sold on realcommercial.com.au in the past 12 months were storage units and regional development sites, some even with incomes.

The third cheapest commercial listing sold in the past 12 months – a development site in Brigalow – included a billboard, which was reported as earning $13,000 per annum. Not bad for a $36,000 purchase price.

The 10th cheapest – an office suite in Dandenong – is leased for $5,700 per annum, which again, isn’t a bad yield on a $57,000 purchase.

NERIDA CONISBEE is the chief economist for the REA Group