SMSF Commercial Property Size Restrictions?

Discussion in 'Superannuation, SMSF & Personal Insurance' started by Joy__, 11th Jul, 2019.

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  1. Joy__

    Joy__ New Member

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    Hi all, I'm new to posting on the forum but have read a lot of great info to date, thank you!!! :)

    I have a question that I hope someone might be able to help with. We're considering purchasing a commercial property within our SMSF using all SMSF cash funds. The offices we're closely looking at are between 35 and 50sqm. Does anyone know if there is a restriction on how small the property can be when purchased by an SMSF?
     
    Joy__, 11th Jul, 2019
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  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    No restrictions as far as I know.
    But a lender may not be willing to lend with certain size properties. with residential anything under 50sqm would need careful consideration. Not sure with commerical
     
    Terry_w, 16th Jul, 2019
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  3. Joy__

    Joy__ New Member

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    Thanks Terry.:)
     
    Joy__, 16th Jul, 2019
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