Hi Tim
To calculate commercial property of about 10% of its yearly value is incorrect.
Depending if it retail, office or industrial find out the price per square meter of the property in the specific area and compare it to other rentals it will also depend on the size and location of the premises. You should do thorough research as commercial is more complex than residential.
Make sure you talk to a couple of commercial agents in the area you are looking at to help you.
Good luck
Mat
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