Hi
Can some one explain to me how lease hold property works, and would it be a good investment.
Rydges at South Bank have a few units for sale that are lease hold managed investments.
All the takings are put into a pool and divided between the lease holders each month.
My questions are -
Do you actually own your room?
How much % would they be taking off the holders to top the pool?
would you get any Capital Growth?
there are a few of these for sale and the prices range approx 80k for the same units. There is either a bargain there or some overpriced.
any other info on this sort of pooling system would be appreciated.
thanks
Can some one explain to me how lease hold property works, and would it be a good investment.
Rydges at South Bank have a few units for sale that are lease hold managed investments.
All the takings are put into a pool and divided between the lease holders each month.
My questions are -
Do you actually own your room?
How much % would they be taking off the holders to top the pool?
would you get any Capital Growth?
there are a few of these for sale and the prices range approx 80k for the same units. There is either a bargain there or some overpriced.
any other info on this sort of pooling system would be appreciated.
thanks
