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I think we need to know if Dad is obliged to let through the company. I looked at a good serviced apartment once that was well below replacement cost but the restrictive conditions (15 yr lease back) limited the rent rises to CPI but the marketing company took what the market could bear. With...

Retiring that soon? Sell and put the proceeds into super. Who needs an albatross around their neck? Note: I don't know much about super but there are plenty out there who do. :)