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If only it were that simple.......... :cool: That's the problem with retail leases. Market rentals and reviews with no ratchett clauses. Rents can actually fall if the market conditions dictate. :( The strategy you allude to Rocketman would (IMO) work best with underlet office or...

Agree......to my mind it isn't terribly prudent. Despite both being strong retail precincts and the Centre Rd Bentleigh one being more prime..........I fail to understand where (and when :confused:) the upside is or will be. Entertaining for us nonetheless. :)

LOL :p He'd still have to repatriate it through the banking system to cover such a NEGATIVELY geared purchase. :rolleyes: Maybe he'll add value to the premises (with such cash) by installing fancy chandeliers and a roof-top pool or cigar lounge :D

Oakleigh 2.4 % gross yield....retail I read today in the paper that the under-bidder (losing bidder) then proceeded to the next (ex) Origin Energy shop auction in Oakleigh and though......"hmmmm, I lost that one, I think I'll pay too much here........." He bought in Portman Street for 2.67 M on...

Sold for double the reserve price Here's a beauty. Went to the auction on Wed for a sticky beak: http://www.realcommercial.com.au/cgi-bin/rsearch?a=o&id=5618693&f=0&p=10&t=com&ty=&fmt=&header=&cc=&c=26966829&s=vic&tm=1267845128 Sold for 3.8 Mill. The property was announced as "on the...