What’s the scope for the solicitor? New lease, handling the purchase or review the lease?

Depends on what is in the lease.

– Parking issues
– If It’s owned by council, they don’t have to pay for fencing in some states
– noise, check operating hours and their DA. You don’t/may not want boot camp at 600am Sunday mornings
– the lovely smell of chlorine or heating gas

Generally REITs trade at a discount to net tangible assets.

Cashflow is pretty stable.

You’ll need to understand the tenancy profile to determine whether there are any significant expiries which may impact on returns.

Are there quality tenants in the mix?

@Terry_w – I missed that it was lessed from inception so no ppor exemption applies.

@adam_Sweeny – why so keen to sell after 2 years? Have you considered all of your other options?

Nil provided that this was your only ppor and that you rented or didn’t own & claim your other place as your ppor.

Read the LEP or speak with a town planner.

Read the LEP or sleak with a town planner.

That’s still around 250m2 per block, about the same size as new land releases in Sydney. Ample room for a 2/3 bedder/12 square low care home which fits both elderly or fhb markets.Absolutely nothing wrong with villas.

Have a chat with a couple of local agents to check what the market wants.

I knew one guy who did similar single storey with…[Read more]

That’s still around 250m2 per block, about the same size as new land releases in Sydney. Ample room for a 2/3 bedder/12 square low care home which fits both elderly or fhb markets.Absolutely nothing wrong with villas.

Have a chat with a couple of local agents to check what the market wants.

There’s no point developing an undercooked site – aim for the maximum margin at an acceptable degree of risk. It may be better to sell with a DA than build if you’re risk averse.

What is the zoning, fsr, etc to achieve the maximum number of units on the site?

Selling OTP will assist you with finance however you’re not able to use the deposits…[Read more]

Contact Archicentre for some suitable architects to prepare DA plans & specs.

Why only 4 units if more units will be more profitable? A more expensive loan won’t make the project unviable. A residential loan will be more restrictive on what you can build and your profit/end values.

Have your designer spec the job not the builder. Builder will…[Read more]

Contact Archicentre for some suitable architects to prepare DA plans & specs.

Why only 4 units if more units will be moreprofitable? A more expensive lian won’t make it unviable.

Have your designer spec the job not the builder. Builder will spec stuff to maximise their margins not necessarily in your interests.

Retailers don’t suddenly go belly up. There are plenty of twll tale signs – rental arrears, lack of stock, decreasing freshness of product, cleaning issues, decreased opening hours, staff reductions etc.

Other mitigations available include director or franchisor guarantees.

Retail leases often have provisions for the reporting of monthly…[Read more]

A bit of a tall ask unless you have the property operating as a business ie. you need to be selling more than the house but also the business entity (this takes out all of the comparable house sales as it’s listed in the business sales with solid turnover, management, advertising, rent, maintenance, goodwill etc as part of the business.

If it is…[Read more]

What do you need to learn which isn’t easily converted from residential experience other than rent review methods, termination, make good, AFSS, Gross/nett, incentives & if all else fails 1800-sue-me ie solicitor.

All of these things are freely available on the web, local library or TAFE bookshop.

CGU Padlock also has provision for LL insurance, ask your broker.

If you already hold a 3 month bank guarantee or cash bond do you really require additional security?

In over 30 years association with commercial property ($x00,000,000 under management), I have seen very few instances where it may have been useful.

I have inquired but even…[Read more]

CGU Padlock also has provision for LL insurance.

If you already hold a 3 month bank guarantee or cash bond do you really require additional security?

In over 30 years association with commercial property ($x00,000,000 under management), I have seen very few instances where it may have been useful.

I have inquired but even my broker has not…[Read more]

if there are no windows, often these buildings are ‘zero lot lined’ ie built up to the boundary.

@richard31 – there are multiple restrictions around setting up sydnicates (depending upon the number of members, you may need a product disclosure statement and very specific legal advice). You may need to speak to a ‘structuring’ solicitor like @terryw who may advise that you use a unit trust where you can sell a number of units to members.