Leasehold Property

Viewing 5 posts - 1 through 5 (of 5 total)

SuccessPlanner
Member
@successplanner
Join Date: 2004
Post Count: 18
June 13, 2004 - 12:07 am
Hi all [cap]
I am currently selling my cute little -vely geared property and beginning along the path of buying myself an income.
I’ve found it very time-consuming searching for the ‘right’ property to do this with.
I’ve come across a leasehold property which fits my criteria. However, I’m not really sure what this means in terms of risk?!
What are the cons (and pros if there are any) of buying leasehold property?
Any help here is greatly appreciated [inlove]
Kirsten
Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
June 13, 2004 - 12:47 am
What state is it in?
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
thecrest
Participant
@thecrest
Join Date: 2004
Post Count: 992
June 13, 2004 - 2:56 am
Dear Successplanner
More info required to help you.
I have info on leasehold Motels if you need it.
cheers [biggrin]
thecrest
thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Me
selling motels in NSW
SuccessPlanner
Member
@successplanner
Join Date: 2004
Post Count: 18
June 13, 2004 - 4:02 am
Hi Simon and Crest,
It’s in NZ. How do I find out the leasehold terms? does it mean that the property is leased back to an entity or does it mean that the land is leased for a set term, and if so, what happens when that term ends?
I think I need to do some reading!
Kirsten
kp
Member
@kp
Join Date: 2004
Post Count: 509
June 13, 2004 - 4:32 am
SP,
Who are you purchasing the lease from or through ???
If its an agent, trying directing yr queries to them,, surely they shoud know…what is being sold.
Is this leasehold on property, or a business..or….or..
KP