From: Manny B
Howdy there,
I have come across the sale of car parking spots in Melbourne for $45,000 which offer a 6.5% NET return with an annual rental increase of 3% (or CPI, which ever is less) locked in a 10 year lease with an option for a further 10 year lease...
Has anyone ventured in the car parking spots? if so, what do you need to look out for? is it a wise investment? what is the capital growth like (as the net return sounds quite good)?
Cheers,
Manny.
Howdy there,
I have come across the sale of car parking spots in Melbourne for $45,000 which offer a 6.5% NET return with an annual rental increase of 3% (or CPI, which ever is less) locked in a 10 year lease with an option for a further 10 year lease...
Has anyone ventured in the car parking spots? if so, what do you need to look out for? is it a wise investment? what is the capital growth like (as the net return sounds quite good)?
Cheers,
Manny.
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