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My understanding is that the long term trend in bricks and mortar retailing is downwards due to the exponential rise in online retailing. So I am not sure that there will always be strong demand for retail tenancies regardless of location.

So essentially, what you are recommending is that if you are investing with a starting capital of 1.5mil, it is best to buy two or three multi mil properties so that the holding and acquisition costs of the property do not erode the net yield. So again this sounds like purchasing comm IPs if...

Did you do any renos on this property or was it simply buy and hold?

I don't think that they became wealthy quickly. Buying one property after another while scrimping together the deposits takes many years to generate 100k pa.

I am of the reverse position. I am single with no kids and am envious of happily married couples with kids. I am envious of the warmth of their relationships and a strong reason to live and work for the sake of their spouse and kids.