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  1. #1
    Join Date
    Jun 2005
    Location
    North Shore, Auckland
    Posts
    12

    Default Changing unit titles info

    I have a block of 3 commercial units in East Tamaki on the one title. It has been suggested to me I could put them on their own titles and this would greatly increase their value. Especially if I wanted to sell them off. What do you think and how would I go about doing it? They are very cash positive, returning me 14% gross yield. They are amongst a block of owner/operator units. In fact this is the only block
    that is not owner/operated.

  2. #2
    Join Date
    Jan 2005
    Location
    Auckland
    Posts
    1,530

    Default

    teriza,
    Chances are you are correct. However, doing this may taint you as a developer, especially if you sell them off.
    I would suggest you get specialist taxation advice first.
    Julian
    Gimme $20k. You will receive some well packaged generic advice that will put you on the road to riches beyond your wildest dreams ...yeah right!


 

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