Deal Review: It’s ugly, it floods – but here’s why I’d buy it

Would you buy a commercial building that floods?

Sounds crazy, right?

But here’s the kicker: the seller’s a not-for-profit. They don’t need the money… but they do want it gone. That means terms are on the table — and time could be your biggest asset.

Now imagine this:
A property in red-hot Margate… over 700m² of usable space… and potential for everything from multi-tenant leasing to childcare conversion.

Even better?
You could lease it out before settlement — and fund the whole deal using the future valuation. 

But here’s the twist: there’s a reason most investors will scroll right past this.And it’s the exact reason why the savvy ones could land a deal like this.

Property link: https://www.realcommercial.com.au/for-sale/property-251-oxley-avenue-margate-qld-4019-504712592

IM here: https://drive.google.com/file/d/1gHUDoG2GUooQ_aa9LA-jZWiUMS9K1iva/view?usp=sharing