What makes a good Mount Isa commercial property investment?

If you’re thinking of buying Mt Isa commercial property, then it’s important to understand what makes a good investment. Those characteristics can vary among the three main commercial property sectors — industrial, retail and office.

Industrial

Industrial property includes factories and warehouses, and these premises often contain some office space as well. A good Mount Isa industrial property investment can depend on whether you want to be an owner-occupier or to rent the premises out to tenants.

If you want to be an owner-occupier, look for industrial premises that:

• don’t currently have a tenant or a long-term tenant in place.
• have facilities that suit the scale of both your current and future business activities (e.g., the right amount of storage capacity).
• are newer or recently renovated (they are likely to have less short-term repair and maintenance costs).
• are in a good location (e.g., with easy road access for large vehicles).
• have good staff amenities, such as toilet, kitchen and parking facilities, as well as air conditioning.

If you want to lease Mount Isa industrial property to tenants, look for industrial premises that:

• currently have a quality, long-term tenant in place.
• are newer or recently renovated if possible (for lower short-term repair and maintenance costs).
• have a flexible layout that can suit a range of potential tenant needs.
• are in a good location (e.g., with easy road access for large vehicles).
• have good staff amenities, such as toilet, kitchen and parking facilities, as well as air conditioning.

Retail

Once again, a good Mount Isa retail property investment can depend on whether you want to be an owner-occupier or to rent the premises out to tenants.

If you want to be an owner-occupier, look for retail premises that:

• don’t currently have a tenant or a long-term tenant in place.
• are in a good location (e.g., highly visible in a shopping or strip centre, or from the road).
• are newer or recently renovated (they look more appealing for customers and are likely to have less short-term repair and maintenance costs).
• have the type of fit-out you need.
• have good staff amenities, such as toilet, kitchen and parking facilities, as well as air conditioning.

If you want to lease Mount Isa retail property to tenants, look for premises that:

• currently have a quality, long-term tenant in place.
• are in a good location
• are newer or recently renovated.
• have a flexible layout that can suit a range of potential tenant needs.
• have good staff amenities, such as toilet, kitchen and parking facilities, as well as air conditioning.

Office

Good Mount Isa office space shares many of the same characteristics as retail space. If you want to be an owner-occupier, look for Mt Isa office premises that:

• don’t currently have a tenant or a long-term tenant in place.
• are in a good location.
• are newer or recently renovated.
• have good staff and client amenities, such as toilet, kitchen and parking facilities, as well as air conditioning.

If you want to lease Mount Isa office space to tenants, look for premises that:

• currently have a quality, long-term tenant in place.
• have a flexible layout that can suit a range of potential tenant needs.
• are newer or recently renovated.
• have good staff and client amenities, such as toilet, kitchen and parking facilities, as well as air conditioning.
• are in a good location.

About us

Jays Real Estate has been Mount Isa’s premier residential and commercial real estate agency since 1981.

If you’re thinking about buying, selling, renting or leasing any Mt Isa property, or you need your property professionally managed, then contact our team today for an obligation-free chat!

We’d be happy to provide you with advice and to answer any property questions you have.