Service Units

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Patrick
Member
@patrick
Join Date: 2003
Post Count: 7
December 12, 2003 - 5:59 pm
Good evening,
wud anyone have anything for service units in Sydney CBD that offers 90% loan??
Property has
1.+cash flow from day one,
2.has no outgoings other then a small GST management fee to managed the GST payment.
3.is fully furnished and will be managed by the company leased to
4.is guranteed rental for 10yrs and thereafter at 4x5yrs renewable and with increase of rental from 3rd year onwards and subjected to CPI review, whichever is higher ie. there will be no vacancies for the first 10yrs.
Best regards,
PatLow
Mobile Mortgage
Member
@mobile-mortgage
Join Date: 2003
Post Count: 913
December 14, 2003 - 5:01 am
Hi PatLow,
70% LVR is the maximum I am aware of for serviced apartments,
Cheers Steven
[email protected]
http://www.mobilemortgagemarket.com.au
Ph:0402483216
Victoria
kay henry
Member
@kay-henry
Join Date: 2003
Post Count: 2,737
December 14, 2003 - 6:03 am
Pat,
Is there no body corporate fees for this apartment? No rates or water charges?
kay henry
Patrick
Member
@patrick
Join Date: 2003
Post Count: 7
December 15, 2003 - 8:11 pm
No rates and no water. The only fee is a small GST management fee. But just FYI I have managed to contact Steve and he has mentioned that there are some alarm bells over here. If you are thinking of it, pls tread carefully.
Best regards,
PatLow
PS sorry for the late reply but was out of town and thank you Steve for your insight and time. I do really appreciate it.
quote:
Pat,
Is there no body corporate fees for this apartment? No rates or water charges?
kay henry