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At no point does Player suggest redevelopment of the industrial as an option - he suggests that it would be a strata property. So redevelopment isn't an option without the other owners of the strata being on board. The conversion from industrial to residential would also require detailed...

Market rent reviews can be fraught with danger - they should be able to be an optional if the lessor requests a review (I have seen the requirement not enforced during a market correction otherwise it would have resulted in a 20-25% reduction in asset value or $20m :eek:). I have seen MRR...

Oh! I get it now, if you borrow, you can make more money ;)

Really? The residential tenancies act isn't enough reason? Longer leases? Net or semi-net leases? Ability to lock-out a tenant upon default. Fixed rent review mechanism, no need to negotiate further. Restrictions as to use. Fitout by tenant. Nup. As Dazz would have said, "you'd have to be a...

The lease varies substantially from a residential lease - there are few set rules, there is no umpire/regulator. Leases over 3 years must be prepared by a solicitor. Leases may be net (tenant pays all/specific costs) gross (all inclusive except for water usage). Due diligence is is...