Just looking thru the latest commercial property news. I see ANZ National Bank are putting up 16 branches for sale , all with leases back to the bank. If anyone is interested in setting up a propertional ownership scheme to buy 1 or 2 or 3 of these I would be interested in joining in. I would also consider managing the whole process. I have purchased and sold 8 commercial properties over the last 5 years so have a reasonable amount of experience.

Not sure what branches are for sale yet although 1 article mentions a 6 North Is , 10 South Is. split with Ashburton and Timaru being mentioned ( good strong dairying towns ) so they could be interesting. Any thoughts on yields ?? ... I would have thought 8% minimum in this climate.