All Topics / Help Needed! / Leasehold Property

Viewing 5 posts - 1 through 5 (of 5 total)
  • Profile photo of SuccessPlannerSuccessPlanner
    Member
    @successplanner
    Join Date: 2004
    Post Count: 18

    Hi all [cap]

    I am currently selling my cute little -vely geared property and beginning along the path of buying myself an income.

    I’ve found it very time-consuming searching for the ‘right’ property to do this with.

    I’ve come across a leasehold property which fits my criteria. However, I’m not really sure what this means in terms of risk?!

    What are the cons (and pros if there are any) of buying leasehold property?

    Any help here is greatly appreciated [inlove]

    Kirsten

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781

    What state is it in?

    Cheers,

    Simon Macks
    Mortgage Broker
    http://www.mortgagehunter.com.au
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of thecrestthecrest
    Participant
    @thecrest
    Join Date: 2004
    Post Count: 992

    Dear Successplanner
    More info required to help you.
    I have info on leasehold Motels if you need it.
    cheers [biggrin]
    thecrest

    thecrest | Tony Neale - Statewide Motel Brokers
    http://www.statewidemotelbrokers.com.au
    Email Me | Phone Me

    selling motels in NSW

    Profile photo of SuccessPlannerSuccessPlanner
    Member
    @successplanner
    Join Date: 2004
    Post Count: 18

    Hi Simon and Crest,

    It’s in NZ. How do I find out the leasehold terms? does it mean that the property is leased back to an entity or does it mean that the land is leased for a set term, and if so, what happens when that term ends?

    I think I need to do some reading!

    Kirsten

    Profile photo of kpkp
    Member
    @kp
    Join Date: 2004
    Post Count: 509

    SP,
    Who are you purchasing the lease from or through ???
    If its an agent, trying directing yr queries to them,, surely they shoud know…what is being sold.
    Is this leasehold on property, or a business..or….or..

    KP

Viewing 5 posts - 1 through 5 (of 5 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.