St Kilda Rd Towers
- Thread starter dharris
- Start date
What do you mean "Sound too good to be true". Remember the old saying "If it sounds too good to be true, it usually is"?
Kevin.
Kevin.
Froma brief look at the site and driving past knowledge of the office suites at Kew Junction my concern would be occupancy rates after the three year period, and the resale market. I don't pretend to be experienced in this area of investment at all.
Perhaps it would be a good idea to visit a number of the towers as a potential tenant and see just how many vacant suites they can offer you. See if you can negotiate a lower rent
)
As part of their advertising speel they indicate that "There are literally only a handful of suites remaining, with a 3-year, pre-lease rental guarantee of 6.25% pa net ". You say the one you are looking at already has genuine tenants in place? Does this mean they will give you a discount if you choose not to take on the guarantee?
Let us know how you go!
Perhaps it would be a good idea to visit a number of the towers as a potential tenant and see just how many vacant suites they can offer you. See if you can negotiate a lower rent
)As part of their advertising speel they indicate that "There are literally only a handful of suites remaining, with a 3-year, pre-lease rental guarantee of 6.25% pa net ". You say the one you are looking at already has genuine tenants in place? Does this mean they will give you a discount if you choose not to take on the guarantee?
Let us know how you go!