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Ah, wise move...

Or has it already gone unconditional? What about your 3 day cooling off period? Do you still have this? Not saying you should pull out...but just in case... Also, do you know what a serviced apartment is? Do you know for sure that this is not a serviced apartment?

Just saw that link, the 'room type' is listed as 'serviced apartment', but it's got all the facilities of a hotel really. Personally, not something I'd touch, and seriously doubt that you would get much CG on this...but I could be wrong. Maybe the numbers work for IndexFund though?

Does look like a hotel with the bed/tv/dining table all in the one room...

Interesting purchase...110 unit site in Frankston, main road (highway), swimming pool, sauna, spas, tennis court... What is it...a new serviced apartment? Does it have a lease/'rental guarantee' in place? Is it 'cash flow positive'? What's the body corporate/fees (if there is one)? Has...