Medical/Consulting | CBRE These look great on paper. But that lease would need to be watertight. It's a terrible product. 5x Villas (questionable that they are villas) inside one dwelling.
Not enough info on there to see why their bad unless location Only 2 pics so curious whats wrong Kitchen - looks good to me though that entrance door could be wider. Also notsure if the space between the 2 benches is enough for a wheelchair manoeuvring? Bathroom - Toilet seems cramped but not sure if the rail needs to be that close Opinion - coming from someone thats never used a wheelchair so got no hands on experience
Reminds me of a hospital/aged care, very clinical. I dont think as a participant, I would want to live in there if I could.
5 tiny one bedroom "villas" in a building not much bigger than a house. There is no pricing cheap small rubbish so vacancy hear will be enormous. They also aren't a complaint villa - no laundry inside. So will get failed at some stage. More than 13% of participants in SDA are looking to move. It's a flight to quality. This stuff is some of the worst I've seen. People don't want to live squashed in one bedrooms with that many people in. Compare one of those with what one participant lives in one of ours Explore NDISP Real HPS SDA Unit in 3D
I find the marketing for this one very basic, less than you'd get for a house. 2 photos, no floorplan, income etc mentioned. Obviously aimed at snaring a buyer moreso than an astute investor.
Bought by a fund. Most of the funds we have sent walking are remunerated on getting the money out the door, so they do. Like the theoretical numbers, rather than the actual returns. Going to be much blood when this roll out is over.
Hi Darryl, Hope you're well mate. Are you aware of the cap rate / sale value etc for this portfolio? Thanks,
Actual Value - Land value less demolition costs when they have to demolish the pieces of rubbish. Cap rate not sure. But most of the funds we deal with are in 6's or 7's
