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I found my 10% net yielding CIP just on realcommercial.com.au.
I found my 10% net yielding CIP just on realcommercial.com.au.
I am a prolific user of realcommercial.com.au but have yet to find such a thing within 20km of sydney cbd.
I am a prolific user of realcommercial.com.au but have yet to find such a thing within 20km of sydney cbd.
I am not putting in parameters. I am manually reading through all entries for particular suburbs.
I have one investment for sale in Penrith for 8.3% net, while all our other investments are in the low to mid 7's..
I have one investment for sale in Penrith for 8.3% net, while all our other investments are in the low to mid 7's. You'd be well to find anything remotely close to 10% net yields that close to Sydney CBD.
PS: Congrats geoffw, I hope the property has brought you closer to achieving your end goal/s.
Looks like no one is game to ask???
How did you go with this one GeoffW?? Shaping up to be a scary intro in CIP's!!!
Have you spoken to the tenant directly to find out what the problem is? Maybe re negotiate the lease terms with them!!
It's possible that the seller knew about this- in fact I'd think it was extremely unlikely that he would not have known anything. It's also possible that he has been foregoing rent in order to sell the shop- speculation of course.
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Totally agree IV, as part of your due diligence, getting the tenant ledger or payment report from the managing agent will highlight any deficiency in their payments or what risk you may be exposed to.
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