It’s your business.
You pay, everything. Some businesses lease the land and build their own buildings! Then leave them
There when they move 10 years later…
All the cat5 cabling will be the bomb, ever think of wireless? $$$

All other comments are correct in my experience too.

We are paying 7.something% And they are worth every cent.

Cessnock seems to be doing fine… I would guess that it’s all good. Including giving mums and dads a new discipline tactic.

We used a local guy (NSW) for our QLD property… Never again, he had to subcontract a QLD guy and long story short, to-and-fro-to-and-fro!, the deal at one point was at risk of falling through because of the time it takes four people to do the job one person should do.

Go local. The QLD law society was a great help for us too.

hey,
Cool thanks for the info Joseph,
When i say amend… I mean, use the infomation in the last lease to write a new lease.

But thats great. Thanks Joseph
[biggrin]

Booo [worried]

Someone out there must manage a property?

Anyone?

ttt

Thanks for the replies…

Why? well… long story short, we are buying a commercial property in QLD and, have been told by our solicitor and and accountant that we need to register for GST (to do this you first need to have an ABN??? i think)

Why do we need to register for GST? to avoid paying GST on the sale… hopefully this info is true, we…[Read more]

Yes it’s in a SMALL town <1000 people but it’s the only pertol station for miles! so it services all the farms etc, in the area??? So it’s litres pa may only be smalll i don’t know?

It is on a highway, and the town hasn’t been by-passed? and being the only station in town the agent assures me “it’s future is assured”

strange… but true???…[Read more]

OK guys here it is… from the addvert;

“This incredible investment property with residence is securely leased on a 5 year + 10 year lease returning 12.5% gross and 9.67% net. Positively geared property is rare indeed .. ”

Asking price is $200 000 but in my last contact with the agent it was made clear that the vendors have told him to accept…[Read more]

Yes i was snoozing[sleepyanim] Yes I am the one doing the gazumping (sorry for all those who have every been gazumped) I only saw the place the other day, thats why our offer was late, but we really wanted it. I know the ethical dilemma with it (gazumping) but we’ve been done before, and its very dissapointing i know, but it seems quite…[Read more]

cool,

Thanks Jeff some handy info

I’m not in a spot where i can purchase this property at this moment. However I know that the vendors are super keen to sell, and have dropped the price. making in VERY +ive.

Would any one like to know where it is?

Cheers

Ok,
(thanks Jeff for your input)
This is what i have found out from the agent.

“The tanks and bousers belong to the Caltex Distributors (Purtills) and are only seven years old.”

the owners of the freehold are responceable for all the usual, structure of buildings etc,

“the The signage is a joint responsibility of the lessee, distributor and…[Read more]

yeah…. more research [wacko]

depreciator – Thanks for that number, will try and figure this one out. I’ll let you all know how i get on..

Later

No it’s the freehold, i wouldn’t go near it otherwise…

Returns are good, and lease is long… but i fear that a “clean up” is imminent. (maybe the reason for sale…)

If the tanks “only” had to be replaced to prevent problems, what do you think this would cost? I still can not find any information on the net about this sort of thing…

Cheers