Hi, is there anyone who can give me some advice on the merit of buying a 9.5m sqr storage unit in Melbourne CBD? Is this something that would be a great addition to an investment portfolio of a property investor newbie? Even if I borrowed the whole amount it would be cash slightly cash flow positive. Would investing in managed funds or similar be a better option? Any comments would be greatly appreciated.
Kind regards
With investments like these I believe you can only get a certain amount of finance for them, say about 70% of the purchase price.
If they give off a good cashflow and that’s what you’re after, then go ahead, but be careful as usually the devil is in the detail with regards to management agreements, fees etc.
Regarding managed funds as a better option that is ultimately up to you as the investor to decide which path you and your money should head down.Hope this helps…G7
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