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Thanks guys It is in Franklin St, just one bay, no negotiation room with the lease but we can just get out and lease it out independently (not really something we want to do - too fiddly). Cost $45k and would be lucky to sell for $30k. You are right - minimal homework done and we have...

Hi Fellow Investors Does anyone have a carpark investment in Melb CBD? We purchased one six years ago with promises of rental guarantees of 7.5% with annual increases. Since then we have had 18 months of no rent (the initial managers went bankrupt) and a couple of years with very low...