What would you do?

[michaelg]

Hi,

A toilet block in Gleb(Sydney/NSW) sold for $510,000 on the weekend. The block is 91sqm consisting of 3 ladies toilet blocks and a large oak tree and is classed for business use.

Having paid over half a mil for this property, what would you do with it (thought this was appropriate for innovative techniques).

Just some thoughts
Michael G

[NigelW]

start charging ladies to use the facilities as they do in Italy...

that way my interest would be tax deductible whilst my redevelopment plans were being drawn up. :D

[geoffw]

You used to be able to spend a penny, it costs a whole heap more now.

It's like the story of the lady, who was travelling on a Cunard liner. They had the original "spend a penny" loo- it literally cost you a penny.

There was one lady, who did not have the change. She asked the attendant if she could pay later.

"Madam", he said in a very snobby voice. "This is not P & O"

[asy]

Hmmm...

interesting question!!

My first thought was to make it a 3 story loo... Mens on top floor,
Ladies on middle floor and about 7 car parks on the ground floor..
Sell the car parks to capitalise the cost of the purchase, and retain the income from the loos...

But, now I think, two stories, loo downstairs, and nice classy cafe bar upstairs... Cafe bar will have a view, and the frontage of the loo area can be the reception area for the cafe/restaurant...

We can call it the Oaks Cafe...

Sell the cafe or at least lease it and retain the income from the loos... again, money for jam... and I like jam...

Hmmm..... When do we start?

asy :D

[geoffw]

Hey Asy,

A great Real estate agent's spin! Well done :-)

And I mean that in the best possible way.

[asy]

Originally posted by geoffw
Hey Asy,

A great Real estate agent's spin! Well done :-)

And I mean that in the best possible way.


Yep, it's the Yuccans.

I have watched seasoned agents do it, and I have to admit I am a little guilty too...

You know what I mean...

Yuccan put a deck here... imagine the view...
Yuccan simply change the laminex in the kitchen to your colour... it will look brand new!!!
Yuccan put a garage up there... there's room and imagine the added value...

HAHAHA

And by the way, I do the Yuccans to myself too... knowing full well that I won't do half the things I say I will!!!

asy :D

[Glenn]

Put a lady's shoe shop on the path to the toilet and offer group discounts.

Glenn

[Aceyducey]

Clean the toilets daily, put air freshener in all the cubicles & replace the mirror over the basins with a funhouse mirror that makes everyone look thin.

Lease space to a childminding service for mothers who want a private pitstop.

Lease space to a masseuse and hair, nail and makeup specialists for the harried professional - Advertise it as 'have a complete makeover while you urinate'.

Then charge big bucks for admission :)

Cheers,

Aceyducey

[asy]

Originally posted by Aceyducey
Clean the toilets daily, put air freshener in all the cubicles & replace the mirror over the basins with a funhouse mirror that makes everyone look thin.


THEY MAKE MIRRIRS TO MAKE PEOPLE LOOK THIN!!!?????

QUICK, SOMEONE, give me santa's email addy!!

I WANT TO CHANGE MY LIST!!!

hehe

asy :D

[Aceyducey]

Asy,

They also make funhouse mirrors that make people look fat - these are often used in weight-loss centres & gyms to get you to spend that extra $5,000 :)

Cheers,

Aceyducey

[superted]

Tack on a cheap Curry restuarant and then charge over the top prices to use the toilet. Which customer is going to argue the price with 3 seconds to explosion ;-)

[Aceyducey]

Also, fasten thin screen monitors to the backs of cubicle doors with a foldout keyboard & net connection.

Charge for using the toilet by the minute - forget that flat fee nonsense!

Cheers,

Aceyducey

[Jakk]

G'Day all,,

as with all property investments, one should seek the highest and best use for the property.

So, with that in mind..............

Glebe's Oak Stubboir Shop
.............hang a few hammocks off the Oak, which could be rented by the hour and rake in the sovereigns.


regards

[Queen Bee]

They made this toilet in Wellington (one of those old ugly concrete ones) into a restaurant and bar.

Seems to be popular, probably with the younger generation, cos they can't remember it being a loo - but everytime I drive past it and think about eating in there, I feel like being sick!:D

[michaelg]

Gee,

I don't think I like the idea of toilet thread that keeps coming up?

Michael G

[yuch.]

Alright. What about this?

We can turn it into a cafe, call it Merry-loo Cafe. ;)

Let's analyse the deal now.

Down payment: $51,000 (Assumption)
Interest rate: 8% (commercial rate) (Assumption)

Purchase price: $510,000
Loan amount: $504,900
Term: 25 years

Monthly repayment: $3,896
Daily repayment: $130

The cost of coffee/cup: 50 cents (should be less)
Say you sell it at $2.50

To cover your minimum daily cost, you only have to sell 130/2.5 = 52 cups.

For an 8 hour day, you only need to sell 52/8 = 6.5 cups.

How hard is it to sell 6.5 cups of coffee a day? And how many cafes have you seen that sells only coffees?

[bundy1964]

Originally posted by yuch.
The cost of coffee/cup: 50 cents (should be less)
Say you sell it at $2.50

To cover your minimum daily cost, you only have to sell 130/2.5 = 52 cups.

Hi Yuch

Wouldnt it work out at 130/2 = 65 cups as there is only $2.00 profit per cup? Another 50 cups a day would mean you was earning $100 a day or employ a teenager and split the profit $75/$25 :D

bundy

[yuch.]

Bundy!!

Thanks for pointing out my mistake!!! :)