#30 - Inside the $3.2 M Neighbourhood Centre Delivering Steve Palise $100K a Year

In this episode of Commercial Property Investing Explained, the mics flip again as Andrew Bean grills co-host Steve Palise about the most recent addition to his personal portfolio: an $3.175 million neighbourhood retail centre in south-east Queensland.With a lease-doc loan, a 50% deposit and a yield just shy of 6%, Steve locked in roughly $100k of net passive income from day one, added $150k of value within a fortnight, and set himself up to nudge an 8% yield without lifting a paintbrush.You’ll hear the full breakdown, from how he out-bid three other buyers by going unconditional (and still “over-paying” by only 2.5%), to why boring, multi-tenant strip retail beats chasing a massive residential property portfolio. We also get into:The lease-doc loan playbook: structuring a three-year, interest-only facility around the asset’s WALE (and why a short loan term didn’t scare him)Insurance shocks and laundromats: the hidden costs of tobacconists, lint filters and public-access assets and the simple tweaks that slashed premiumsHow one vacancy swap lifted the cap rate overnight and set a new rental benchmark for the entire centre▶️ And if you want to see the walkthrough of the deal, check out the full video on YouTube: I bought a shopping centre (and sold all of my resi properties)Get your FREE copy of Commercial Property Investing Explained Simply - Use discount code PODCAST CLICK HEREGet your FREE Commercial Property Paydown Calculator CLICK HERE Follow Palise Property on FACEBOOK for Free Tips Tricks & Insights CLICK HEREGet FREE access to the Commercial Property Institute course -  CLICK HEREHOSTED BY: Steve Palise Ph: 0403 878 497Email: [email protected] LinkedIn:https://au.linkedin.com/in/steve-palise

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