G'day All,
Situation: We have been looking to sell IP2, which is located in Stafford Heights on a main road. We need approximately $425k Sale Price to break even. The lease for IP2 runs out in March 2014 and we need to give the tenants two months to vacate. Thus, we need to make a decision on whether we will sell by next Monday.
I don't want a prolonged sale (over 2 months) as it costs too much with lost rent. Thus I want to price it right. At this point in time I think for a 2 week sale a Sale Price of $400k is a realistic figure.
My question is will the Stafford Heights market continue to make gains next year? and should I put the current tenants on a 6 month rental agreement and sell October 2014? or should I bite the bullet and sell in March 2014 (due to the increased buyer sentiment in the area (main road etc))?
Look forward to hearing your points of view.
Thanks
Roachy
Situation: We have been looking to sell IP2, which is located in Stafford Heights on a main road. We need approximately $425k Sale Price to break even. The lease for IP2 runs out in March 2014 and we need to give the tenants two months to vacate. Thus, we need to make a decision on whether we will sell by next Monday.
I don't want a prolonged sale (over 2 months) as it costs too much with lost rent. Thus I want to price it right. At this point in time I think for a 2 week sale a Sale Price of $400k is a realistic figure.
My question is will the Stafford Heights market continue to make gains next year? and should I put the current tenants on a 6 month rental agreement and sell October 2014? or should I bite the bullet and sell in March 2014 (due to the increased buyer sentiment in the area (main road etc))?
Look forward to hearing your points of view.
Thanks
Roachy