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Most of the ones I've seen advertised have a residency restriction
Tis pos that insurance on the garden shed would be easier than the Beach Box.I think you will find they ALL have a residency restriction. You can do less with them than a garden shed.
Noted in the article, that each of the partner have their own sea side properties nearby... so this is obviously a 'hobbie property".
Not sure about the investiment value tho. I think beach boxes like this are more like millionaire's play toys - too much risks.
Warrenkh.2010
What do you reckon the CG return and holding duration have to be to make it worthwhile, considering there is no rental yield, no negative gearing, no bank loan, high maintenance costs and lost opportunity costs?Sure there no yield but the double digit cg makes it not all bad