Hey guys,
I'm looking at a unit as my next IP, I've found one in an area which I believe will start to become more popular and increase in value over the next few years but I have one concern with the property:
It's located on a main road, very close to transport, shops etc however there is a block of shops next to the complex which contains a very prominently advertised adult shop. My question for the more experienced investors is will this be a strong deterrent for potential tenants? There doesn't appear to be many rental vacancies advertised in the area but nonetheless I am concerned that it may lead to extended vacancy periods etc
Cheers
i've found the majority of people renting are young males between 20 to 26 so this could be a benefit
but in all seriousness I don't think it would have too much of an impactTony Fleming | Triumphant Property Group
http://www.triumphantpropertygroup.com.au
Email MeNSW Buyer's Agent specialising in Western Sydney-Blue Mountains-Orange-Albury
It depends on who you're targeting to rent the property. Do you know what sort of demographic lives within the area? Personally, I'd be hesitant – not because of your choice of tenant but the effect it could have on future growth as future buyers will have a similar reluctance to purchase it.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
but in all seriousness I don't think it would have too much of an impact
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