Recent content by wobblysquare

please clarify lease i don't quite follow. You are selling the business and land, but not the lease..what is the lease, what are you referring to here? Please clarify

Get it valued 1) Get it valued as is 2) Figure out local zoning laws, and what you could build on it 3) Figure out what it would cost to build said property on it 4) Ask the valuer (or a financier) what the end value would be Q. Would the figure in line 1 be enough for you to invest at 7%...

Shipping containers Could you use some of the 900m2 to put a shipping container or two on and use this space for your storage. Then rent out the other 200m2. Just a thought.

I am probably going to have to look again !! I went with a private PM. Who has now decided that it is all to hard and giving it away !! Am thinking that i may just have to sell !! So may end up choosing PM on basis of best sales agent !! Yet to decide on this either !

Margaret Lomas of Destiny Financial, has a property tracking app in the cloud....so i believe.

chickens The draw back of some thing like this IMHO, would be what do you do if you lose your tenant?.ie govt changes rules around, breeding or processing that has a significant and detrimental impact on your client, it would appear that you have limited alternative tenants? The other...

Clarifying numbers So are you in for a total of 560k, and when occupied returning 18k net pa? (being 600m2 * $30 per m2, per annum).

Thanks for the pointers Thanks all for trying to keep me on the straight and narrow !! - If the net yield is less than 8%, then i am not interested?.hopefully this helps to reduce the paying through the nose aspect? - Love this point !! Great call, and i tend to agree?.thoughts on where...

Well yes and no... Once i have a net-worth of 1M, then to borrow 2M and buy an income stream like this (at start of 15yr lease) would seem (on the surface to me) to be a good way to lock in a known return. Although i may not wait that long, as it seems as though increasing your income increases...

Resources List...Paid or unpaid Thanks to all who have contributed to this thread so far. To try and bring this thread back on track I will re-ask / re-state the original question. Can anyone advise / suggest / reccomend quality resources for the following things. (paid or unpaid !!) A)...

I would argue that the ability to add another story in downtown melbourne CBD would be tougher, than adding a second story out in the sticks?.so downtown Melbourne would have low ability to build new commercial space?.and hence would be more attractive. (I might be wrong, it might be more...

Resources We live in hope?.will always pay if i have to. As stated i have Pricefinder. But thought it worthwhile to ask the question.

pricefinder I have pricefinder....last time i looked though it was really only helpful for RIP

Shout it to the roof tops Thanks scotty, hoping to blow the code wide open, in this thread. I can not fathom how any one can operate in this space with out this information.

Research The point of this thread was to identify resources that could be used to do the research.... I would like to know typical rent/m2. I would like to know vacancy rates. At the moment my only way of determing this is by looking at what is available online and creating my own...