Commercial Property Purchase
Our client approached us with a proposal to purchase a commercial property in Brisbane city with several well established tenancies. As our client resides overseas, we assisted in the negotiation to purchase the property, appoint the property manager and have the necessary insurances set up.
The purchase was spread over the client’s self-managed superannuation fund and family trust. We liaised with the bank to put the necessary funding in place. We also advised and assisted in the client’s self-managed superannuation fund to borrow for part of the purchase. Upon completion of the purchase, we established a Xero file for the client to maintain the financial records of the commercial property. We continue to assist in the overview of the financial management of the property.