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I'm no expert but it has annual rent reviews so it's hard to imagine the rent is too far off market. I notice it got passed in at auction previously so there is evidently some disagreement about value. I didn't go to the auction so don't know the figure. It's a prime position in Hobart -...

Might wait for a bit of a CIP price crash for this one - although you never know it could be a motivated vendor! http://www.realcommercial.com.au/commercial-real-estate/5414370 My type of investment...

What's going on? How did Savills come up with that value even though they knew it's so under-rented? Somebody missed out on a sweet deal there it seems. Now it's gone to open market the discount may be eaten up. I do like the sound of those tenants and it's harder to imagine a more prime...

LOL... I'm guessing that building wouldn't have gone up much in the last 10 years or so? Being commercial and all the CGs wouldn't be anywhere near the same as houses would they? :eek: Better watch out for the office price crash coming around the corner too - all those evil...

But don't you know there's a house price crash coming? :p