All Topics / Help Needed! / is this a good deal ?

Viewing 3 posts - 1 through 3 (of 3 total)
  • Profile photo of MerrianneMerrianne
    Participant
    @merrianne
    Join Date: 2004
    Post Count: 17
    February 1, 2005 - 5:36 am

    Commercial property
    price $270,000
    rent $30,000 – insurance, rates managment
    5x5x5 lease
    tenant already installed
    M QLD

    Profile photo of jcls79jcls79
    Member
    @jcls79
    Join Date: 2004
    Post Count: 88
    February 1, 2005 - 6:29 am

    From the quick 10 second solution, it seems fine. It also depends on the quality of the tenant, bank’s valuation of property and where is it situated? If its close to Brisbane or major regional centre, there may also be opportunities for capital growth.

    Cheers
    john

    Want to join financial independence before 31 years old, currently 25

    Profile photo of MerrianneMerrianne
    Participant
    @merrianne
    Join Date: 2004
    Post Count: 17
    February 1, 2005 - 6:35 am

    Thank you John the building is in good condition on a main road in Toowoomba Have not accepted the offer yet so the bank has not been involved yet. it is situated in a mixed residential area so a duplec could be built on site. Sounds better than buying a residential house for the same price.
    regards

    M

Viewing 3 posts - 1 through 3 (of 3 total)

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