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| Commercial Building, Lautoka City, Fiji Islands. |
| Commercial Office/Retail Space. In the Commercial Hot spot in Lautoka City. Same lot as Jacks and Vodafone Lautoka. |
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Price: FJ$2m |
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| Prime Commercial Space |
For Commercial Space Required in Lautoka City Hot Spot |
Prime 2 Story commercial building in the Lautoka City Hot Spot.
Same lot as Jacks Fiji Ltd and Vodafone. The next lot is the proposed FNPF-Tappoo Plaza
Location: Vitogo Parade, Lautoka, Fiji.]
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Prospects:
Location, Returns and Forced Appreciation are the key factors in buying commercial properties. The proposed commercial property is in the busiest commercial spot in Lautoka City. Due to forced appreciation to the area around the building triggered by the recent developments, prominent companies have relocated to this spot. On the other hand, the building is fully occupied with rental income of $9500/month [VIP]. Rationally speaking, vacancy can only be created under the landlords’ discretion. Finally, Investment return on this property is 5.9% at sale price of $1.75 million.
All in all, investment returns is not the idea to buy this property. Its usage will increase your retail market presence. The bottom line is that this Property presents a perfect opportunity to venture into any form of retailing in future and at the same time top floor rented office space will save you more than mortgage interest with rental income of $4637.50/mth.
Price: FJ $2m [$2,000,000] |
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