What's the catch?

Discussion in 'Investment Strategy' started by shouldisell, 11th Sep, 2012.

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  1. shouldisell

    shouldisell Well-Known Member

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    shouldisell, 11th Sep, 2012
    #1
  2. Simon Hampel

    Simon Hampel Founder Staff Member

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    It's a commercial lease. There's probably a mile long list of caveats or clauses that go along with the property.

    Not as straight forward as it sounds - and you would definitely want legal advice before proceeding, this isn't a "normal" property.
     
    Simon Hampel, 11th Sep, 2012
    #2
  3. jeffery85

    jeffery85 Active Member

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    its a hotel very hard too resell (can go out of date quite quickly) and check out how big the place is sometimes they can be too small for loans.
     
    jeffery85, 21st Sep, 2012
    #3
  4. Terry_w

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

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    Yes looks like a hotel or serviced apartment. So may be a high yield but there will be big fees associated with it and maybe lots of vacancy.

    Also you will have trouble finding finance and the LVR would be much lower.
     
    Terry_w, 21st Sep, 2012
    #4
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