What You NEED to Know Before Buying Commercial Property - with Patrick O'Callaghan
Melbourne Property PodcastShow Notes
In this episode of the Melbourne Property Podcast, Sky and Lindsay are joined by commercial property expert Patrick O’Callaghan from O& Co Group to unpack what investors need to know before moving from residential into commercial property.
From industrial and medical assets to office and retail, Patrick explains how different commercial property types perform, why industrial is currently his preferred asset class, and how tenant demand, location and asset selection can influence both income and long term growth.
The episode also explores the risks that can catch first time commercial investors off guard, including vacancy periods, tenant incentives, lease structures, recoverable outgoings and the higher level of due diligence required. Patrick also breaks down what he would look to buy at different price points, from around $800,000 through to $5 million.
If you are considering commercial property, looking to diversify an existing residential portfolio or simply want to understand the opportunities and risks involved, this episode provides practical insights from someone working across buying, leasing and property management.
Episode highlights include: • Why industrial property is currently Patrick’s preferred commercial asset class • What investors need to understand about commercial leases and recoverable outgoings • How vacancy risk and tenant incentives can affect commercial property returns • What Patrick would look to buy with a budget of $800,000, $2 million and $5 million • Why under-rented industrial property can create opportunities for income and equity growth • The due diligence, advisors and tenant considerations investors should assess before buying
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