All Topics / General Property / Critique on an Investment Opportunity

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  • Profile photo of ajayayyarajayayyar
    Participant
    @ajayayyar
    Join Date: 2005
    Post Count: 176
    December 10, 2009 - 4:15 am

    Hi all,

    I have seen an oppportunity to invest in an aparmtnet in sydney city area.

    The opportunity is in Mantra Hotel – 2 Bond St. I have determined that the cashflow is excellent, and that there is the option to lease it out privately via an agent, live in it yourself, or include it as part of hotel scheme.

    Anyone know much about 2 Bond Street?

    Cheers
    Ajay

    mattnz
    Participant
    @mattnz
    Join Date: 2007
    Post Count: 574
    December 10, 2009 - 9:12 pm

    I saw this one in the building which had a great return.

    http://www.gavagnagroup.com.au/pol/property/search.asp?f_propertyID=852507&xsl=2604&f_st=1&f_ct=1&f_ps=2

    Not sure if that was a sustainable return long term though and financing would be difficult as only 40 sqm.

    Profile photo of ajayayyarajayayyar
    Participant
    @ajayayyar
    Join Date: 2005
    Post Count: 176
    December 10, 2009 - 10:40 pm

    thanks matt – how do you mean sustainable return longterm? If it provides a decent return during approx the next 12-18 months that would be sustainable right… what reason would it go down… cheers.

    mattnz
    Participant
    @mattnz
    Join Date: 2007
    Post Count: 574
    December 11, 2009 - 5:56 am

    $3,000 per month is alot to pay for a 40sqm studio, even in that location. Not sure that it would continue to rent for that when vacated.

    I live in central Sydney and pay $1900 per month for a 50 sqm 1 bed with parking.

Viewing 4 posts - 1 through 4 (of 4 total)

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