motelinvestor replied to the topic Motel Investment in the forum Commercial Property 13 years, 11 months ago
Hi the crestThanks for the reply, your knowledge is excellent and we really appreciat the tip and advice. Will look over lease and compare to a commercial property lease.
motelinvestor replied to the topic Motel Investment in the forum Commercial Property 13 years, 11 months ago
Hi The crestJust reading previous posts and I would be interested in looking at your lease, this might highlight some areas of concern. Would this be ok. Also when you sold your freehold did you draw up the lease or did the purchaser and what lease term did you or the purchaser want.
motelinvestor replied to the topic Motel Investment in the forum Commercial Property 13 years, 11 months ago
We are looking coastal Queensland. Price under $2m. with rental returns of around 9%. – 10%. Are you aware of motel leases and is there a provision under Qld law for a market review on rents. Some leaseholders have these in their leases and some don't. We would like to have this written into the leases(we are looking at one that the owner…[Read more]
motelinvestor replied to the topic Motel Investment in the forum Commercial Property 13 years, 11 months ago
Hi thecrestI have been looking through your information and I have a question. We are looking at a passive freehold investment in Queensland, we currently have commercial property and comparing the difference in leases. Can you tell me is a freehold motel has a provision or can have a provision for a market review at the option of the lease, 5 x…[Read more]