About commercial real estate in Sydney, NSW.
Sydney Commercial Real estate for sale: Some examples of current listings of Commercial real estate for sale and for lease in Sydney CBD.
Sydney Commercial real estateCommercial real estate.
The definition of commercial real estate, is property that is solely used for the purpose of conducting business and generating income, as apposed to residential real estate, where the primary purpose is residential dwellings.
Sydney commercial real estate.
The majority of commercial real estate is located in the Sydney central business district.
Areas zoned as 'commercial' are usually found the centre of a suburb or city. The zoning applies to the vacant land, which determines what structures and heights the buildings may be.
At one time, commercial zoning’ only allowed for an area to be used for the purpose of commerce but with new zonings, such as CDB, or ‘mixed use development. These zonings allow for residential multifamily properties such as apartments and are usually situated over the top of the commercial which is usually located on the ground or second floor. Commercial activities can include ‘office blocks’ (high rise) or ‘retail’ and combine functions with commercial on the lower floors and residential apartments located above. All business must be conducted in areas zoned 'commercial' or 'CBD' (Central Business District)
Commercial real estate values.
Unlike residential real estate, the value of commercial property is governed by the rental income it produces. Rents paid by tenants are usually ‘x dollars per square metre’ This can range from a few hundred dollars to several thousand dollars, depending on location and quality of the building. Sydney commercial real estate rental examples.
A 3 storey, 630 square metre building located in Kent Street, Sydney is currently available for rent at $326.000 per annum. This represents a price of $517 per square metre. A small top floor office located in King street Sydney, is asking $670,000 a year for just 69 square metres.
Sydney commercial real estate for sale examples.
A small, 69 sq metre building in the centre of Sydneys CBD is for sale at $1,1000,000. This is a ground floor shop. This is around $22,500 a square metre to buy. An 84 square metre office in Sydneys CBD is being offer for sale at $630,000. This comprises of 2 office areas, a reception and meeting room. There are currently over 870 properties listed in Sydney either for lease or for sale on Commercialrealestate.com.au
As in residential, commercial real estate values are also about 'location, location, location' - The better or more prestigious the location, the more the purchase price or rent.
Sydney commercial real estate agents.
As in residential, there are real estate agencies that specialise in nothing but commercial properties, especially in Sydney. Some of the major Commercial agents in Sydney are CBRE , Knight Frank , Jones Lang Lasalle, Cadigal, Savills and Colliers.
A typical real estate description listed by Savills, would be as follows:-
265 Castlereagh Street, Sydney NSW, 2000 - Commercial, Office for sale.
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