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Also check with council town planning what their criteria are. Could be different from one council to another and you guys in Sydney are over-governed by way of local municipalities. Too many councils spoil the broth. Always nice to know you're not alone

What Simon said. by my calculations, it's 5.45% negative, so that could (?) be made up in rent increases over time (not that long a time (?) I guess (?) Were you initially looking for income / growth / combination of both when this opoptunity popped up ?