Just like to know peoples thoughts on serviced apartments that have a long lease on them and are purely for investment purposes. The lease could run up until 2018 and the company pays you rent on a monthly basis whether the apartment is occupied or not, in the amount of $1,395.
Owner owns the apartment outright – strata title.
Tenant pays; body corporate, water rates, general maintenance and insurances. While the owner of the apartment pays Council Rates and Capital Maintenance levy.
I seen plenty of these around Melbourne CBD. Im curious to know more and welcome any advice
I'm curious to know more as well.
julee, you can always search the archieve from this website regarding investment in serviced apartment.
Most investors would vote against it
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