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Most investors that have had granny flats built are you steel frame construction then if they ever want to sell the property and they think there have over capitalised then sell the granny flat or put on another property. Similar to a portable home. You do pay connection fees and removal fees but might work better.
I currently manage over 80 granny flats in the sydney area. At first i thought it would be a problem in renting two separate properties out on the same block of land. All the granny flats i look after are separate power, have a separate water metre and they come 1,2 and 3 bedrooms with total size of 60sqm. On rental returns it depends where the granny flat is located and how much yard does it have. If you have a good managing agent thats picks the right tenants for both properties you would not have problems with tenants.
Hi Matt
There is not alot of Strata managers that are located in the Central Coast. I have found alot of body corporates would use a strata company in Sydney to look after the complex.