Commercial PropertyVSServiced Apartment

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Darthfranin
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@darthfranin
Join Date: 2003
Post Count: 2
August 15, 2003 - 2:55 pm
Hi just after a lot of research I would like to ask the exsperts which they would recommend between the two. A serviced Apartment which has a self contained facility ( EG. kithchen, seperate laundry, Bath, Seperate bedroom, Lounge, dining) Centre of CBD and has a lease of 20 years and recieves a guaranteed return income of 4% of it’s value $185000(Wants to be sold at $140000), Council Rates, Water Rates and Strata levies are all paid for by the company running the apartments. The furniture is also owned by the purchaser and maintained by the company. Or a commercial office which is 55sqm, Opposite a large and popular shopping centre, close to all amens, Council rates of $1000, water rates of $600.00 and Strata Fees $270PQ currently leased at $715 a month. price being $112000
stargazer
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@stargazer
Join Date: 2002
Post Count: 344
August 15, 2003 - 3:03 pm
hi darth
which company is it the terms sound familiar?
regards
alf
Darthfranin
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@darthfranin
Join Date: 2003
Post Count: 2
August 15, 2003 - 3:52 pm
quote:
hi darth
which company is it the terms sound familiar?
regards
alf
Darthfranin
Member
@darthfranin
Join Date: 2003
Post Count: 2
August 15, 2003 - 3:53 pm
quote:
hi darth
which company is it the terms sound familiar?
regards
alf
Quest Apartments
stargazer
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@stargazer
Join Date: 2002
Post Count: 344
August 15, 2003 - 4:04 pm
hi darth
i thought it might’ve been.
these generally have 5+5+5+5 and they have the option you have no choice.
they are able to franchise to whoever.
they could go to a mangagement investment scheme cost bourne by the lessor.
Its a comprehensive lease.
The furniture is usually handed over after the first term.
rents are generally lower beacause of the guarantee.
does this sound like the way it is.
regards
alf