From: Manny B
Howdy there,
I have found an apartment for sale that is under a 20yr lease to a hotel chain. The return is around 7% in the Melbourne CBD, being an older historical looking building. My question is the following:
As all outgoings are covered by the hotel chain, are there any risks to consider before venturing in such an investment?
Do the owners normally have to maintain the building? or is it normally covered by the Hotel chain?
Any questions or feedback on this would be greatly appreciated...
Thanx in advance,
Manny.
Howdy there,
I have found an apartment for sale that is under a 20yr lease to a hotel chain. The return is around 7% in the Melbourne CBD, being an older historical looking building. My question is the following:
As all outgoings are covered by the hotel chain, are there any risks to consider before venturing in such an investment?
Do the owners normally have to maintain the building? or is it normally covered by the Hotel chain?
Any questions or feedback on this would be greatly appreciated...
Thanx in advance,
Manny.
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