Hi there,
What do people think of this commercial investment property:
http://www.realcommercial.com.au/cg...t=&header=&cc=&c=81184567&s=vic&tm=1252289215
The property is leased to an ASX listed company, Lend Lease Prime Life, running a nursing home.
9% guaranteed yield, passing rent $369,161 p.a., 20 + 10 year lease commencing from October 2001...
The downside from the ad. could be...
"Business revert back to freehold owner at the end of lease."
I wouldn't really want to have to own this "business"... ie. a nursing home.
Also, presumably the 20 years started in 2001, so half-way through the first lease term so far (or could it be the second 10 year option started in 2001... so then it could be near the end of the lease!).
There's half a dozen or more of these for sale at present from the same company.
What do you think?
What do people think of this commercial investment property:
http://www.realcommercial.com.au/cg...t=&header=&cc=&c=81184567&s=vic&tm=1252289215
The property is leased to an ASX listed company, Lend Lease Prime Life, running a nursing home.
9% guaranteed yield, passing rent $369,161 p.a., 20 + 10 year lease commencing from October 2001...
The downside from the ad. could be...
"Business revert back to freehold owner at the end of lease."
I wouldn't really want to have to own this "business"... ie. a nursing home.
Also, presumably the 20 years started in 2001, so half-way through the first lease term so far (or could it be the second 10 year option started in 2001... so then it could be near the end of the lease!).
There's half a dozen or more of these for sale at present from the same company.
What do you think?