All Topics / Help Needed! / Unit located close to adult shop – bad for rental property?

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  • Profile photo of david4000david4000
    Member
    @david4000
    Join Date: 2011
    Post Count: 21

    Hey guys,

    I'm looking at a unit as my next IP, I've found one in an area which I believe will start to become more popular and increase in value over the next few years but I have one concern with the property:

    It's located on a main road, very close to transport, shops etc however there is a block of shops next to the complex which contains a very prominently advertised adult shop. My question for the more experienced investors is will this be a strong deterrent for potential tenants? There doesn't appear to be many rental vacancies advertised in the area but nonetheless I am concerned that it may lead to extended vacancy periods etc

    Cheers

    Profile photo of Tony FlemingTony Fleming
    Participant
    @the-dark-knight
    Join Date: 2008
    Post Count: 396

    i've found the majority of people renting are young males between 20 to 26 so this could be a benefit :) but in all seriousness I don't think it would have too much of an impact

    Tony Fleming | Triumphant Property Group
    http://www.triumphantpropertygroup.com.au
    Email Me

    NSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069

    It depends on who you're targeting to rent the property. Do you know what sort of demographic lives within the area? Personally, I'd be hesitant – not because of your choice of tenant but the effect it could have on future growth as future buyers will have a similar reluctance to purchase it.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

Viewing 3 posts - 1 through 3 (of 3 total)

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