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Scott, at the moment there is a lease in place until Sept 2015. The lessor is a large hotel group, which pays rent on all the units in the complex as well as the conference room, the car space and the storage rooms. There is a kitchenette, toilet and shower in the conference room. At 9...

thanks Sanj, they were my thoughts too--too much of an outlay to turn a large empty room into two apartments. I suppose it depends on what the units will be valued at once they are done and what the rent would be. That's if I were allowed to do it.

I am thinking of buying a 203 sqm conference room in a serviced apartment complex and six storage rooms and one car park. The current return is 12 per cent (net) but the lease runs out in September 2015. I suppose that is why the price is low. Do people have thoughts. It's a long time since...