Commercial Questions of interest

[Orkibi]

Thanks for the input PTkers.
Good pints.

Predicted to drop by whom ?

sorry it was not to dropb but to increase by less then 1.5%. so less then current CPI growth.

[Orkibi]

Thanks for all the advise here team.

we now completed the Due Diligence and we resigned the tenants and some new tenants with good 4-6 years leases.
rent review to market every 2 years. add 6 month notice instead of the usual 3 month.
NBS came at 45% for older part and 67% for the 1970s part. no major issues detected.
there is also some room for increasing rent in 2 years time.

That was interesting process learning about WALT and dealing with "Real" Commercial lending.
we settle this first commercial property in 60 days.

[Davo36]

Whereabouts did you buy Orkibi?

[Orkibi]

Alexandra central Otago

[Davo36]

Crikey, you get around a bit mate!