Join Australia's most dynamic and respected property investment community

Long Bay Gaol

Discussion in 'Property Analysis' started by larrylarry, 6th May, 2016.

Tags:
  1. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    4,292
    Location:
    Sydney
  2. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,451
    Location:
    Sydney or NSW or Australia
    All ensuite rooms? Might be a little difficult getting finance for a 10 x 6' cell though. Insurance should be ok as I hear security is 24/7.
     
  3. Agent99

    Agent99 Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    205
    Location:
    Adelaide
    Each cell should be worth a fortune, only 1 or 2 tenants, solid build, good views, safe, secure, security doors :D
     
  4. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,451
    Location:
    Sydney or NSW or Australia
    I hear that there's a strict no smoking policy and restrictions on the numbers of visitors allowed too.
     
  5. Gockie

    Gockie Be the change you want to see in the world Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    7,680
    Location:
    Sydney
    Prices will increase in La Perouse... Its a bit undesirable/undercapitalised as far as the Eastern Suburbs go as it has the gaol in the area... with this news I can see it become more popular
     
    Last edited: 7th May, 2016
    Terry_w likes this.
  6. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,451
    Location:
    Sydney or NSW or Australia
    @Gockie - you've picked the subtext
     
  7. Gockie

    Gockie Be the change you want to see in the world Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    7,680
    Location:
    Sydney
    I probably didnt need to say it. But for anybody looking...
     
  8. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    4,292
    Location:
    Sydney
    I saw its potential when I visited an inmate some years ago. It would be easy conversion really, with a court yard within the 4 walls...huge gates!
     
  9. Gockie

    Gockie Be the change you want to see in the world Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    7,680
    Location:
    Sydney
    Personally, though I generally like heritage, I wouldn't want to buy part of an old converted gaol. Warehouse conversion yes, gaol conversion, no.
    Remove the whole structure, start afresh and i'd consider it.
     
  10. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    4,292
    Location:
    Sydney
    If you have been inside of it, you will like it.
     
  11. Gockie

    Gockie Be the change you want to see in the world Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    7,680
    Location:
    Sydney
    Hmmm. Ok! I'll take your word on that
     
  12. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    4,292
    Location:
    Sydney
    I've only been to one wing of the establishment but I see potential!!!
     
  13. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,451
    Location:
    Sydney or NSW or Australia
    Gated community. Close neighbours?
     
  14. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    4,292
    Location:
    Sydney
    one spirit!
     
  15. Magnet

    Magnet Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    322
    Location:
    Sydney
    low vacancy rate of tenants...
     
    larrylarry likes this.
  16. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,099
    Location:
    Sid en e - olympic city
    They should get the old tenants back but make them pay a fair market rent via exchange of labour !
     
    larrylarry likes this.
  17. Scott No Mates

    Scott No Mates Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,451
    Location:
    Sydney or NSW or Australia
    Many of the tenants like the place so much that they keep coming back.
     
    larrylarry and Gockie like this.
  18. dabbler

    dabbler Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    5,099
    Location:
    Sid en e - olympic city
    Why not, roof above your head, regular meals, in this case, sea breeze at times, and maybe allowed to still run a business of some kind by phone !
     
    larrylarry likes this.
  19. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    4,292
    Location:
    Sydney
    No need of shawshank redemption scenario.
     
  20. Ted Varrick

    Ted Varrick Well-Known Member

    Joined:
    21st Jun, 2015
    Posts:
    1,138
    Location:
    No Mans Land
    A few bucks extra should be obtained if it were advertised as a "security block"... and some wag in the Herald on Saturday mused that should the Powerhouse Museum be relocated to Parramatta, then the residents of Long Bay could be relocated to Ultimo (after a bit of a refurb...)