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China - people in the CBD always need to eat / shop. Online shopping, while an important consideration for retail, is quite irrelevant to people who operate businesses in prime locations in the CBD where foot traffic is, and always will be, king.

With $6m of debt you would hit serviceability issues if you are on a standard wage....but if you earn a lot it's not big deal.

Equity of $1.5m at 80% LVR means an asset value of $7.5m and debt of $6m. A gross yield of 7.5% means a rental of $562,500 pa. Interest of 5% pa means interest of $300,000 pa Net income is $262,500. Less other living costs / maintenance etc easily gives you $100k pa. Done.

I should be reaching this goal by mid next year. $100,000 isn't enough but it's a good start.