This could be in Commercial but I have chosen to post it here:
Do Not Overlook The Day Of Small Miracles
Property investors often wonder whether they can ‘afford’ to invest
In November, 2003 I bought a lock up shop for $105,000 in a strip of nine shops, which were all somewhat faded and not considered to be very lucky. A major shopping centre nearby had drained all the ‘retail’ spending out of the area, and the shops were used by hairdressers or by accountants rather than for retail sales.
I borrowed all the money and settled in January, 2004. I painted and redecorated , and moved some business activities from home into the shop and that was about it.
In late 2006 I started up the franchise in a different area and rented out the shop to an alternative health practitioner some time in 2007. She was there for two & half years and then the shop was let to a Church group as meeting rooms.
Today the Valuer rang me. He has just valued the property at $260,000. In 7 & half years, the shop has improved in value by $155,000 – a whopping 19% capital growth every year
Where else can you buy a 120m2 lock up shop, with 2 x internal Ensuite facilities, tea room, parking at rear for two cars etc?
It’s not flash, it’s not a multi storey office block, it’s not on an acre of land and it doesn’t have a multi-national world leading brand name tenant
But it’s never been empty, it’s in a safe location with good sight lines, and the shop next door is about to start construction on two apartments above their shop space, so we still have the opportunity for further development should we wish to do that.
Do not overlook the small properties. The tadpoles, the tiddlers, these are still fish in the pond. The concrete bunker a couple of suburbs away which I bought for $145,000 back in December, 2006 is now worth about $315,000 – where else can you buy a two bedroom garden villa unit with attached carport and secure rear courtyard?
It’s not all fashionable postcodes, or boutique houses, swish apartments or office blocks.
A basket full of pullet eggs is still a basket full of eggs. Over time, a pullet egg can still grow a full sized rooster.
Go and look for the small investments as well and as thoroughly as you go and look for the big ones.
Opportunity comes in all shapes and sizes. Do Not Overlook The Day Of Small Miracles
Even if the only investment eggs in the basket were these two properties, I would still have done very well!
Cheers
Kristine
Do Not Overlook The Day Of Small Miracles
Property investors often wonder whether they can ‘afford’ to invest
In November, 2003 I bought a lock up shop for $105,000 in a strip of nine shops, which were all somewhat faded and not considered to be very lucky. A major shopping centre nearby had drained all the ‘retail’ spending out of the area, and the shops were used by hairdressers or by accountants rather than for retail sales.
I borrowed all the money and settled in January, 2004. I painted and redecorated , and moved some business activities from home into the shop and that was about it.
In late 2006 I started up the franchise in a different area and rented out the shop to an alternative health practitioner some time in 2007. She was there for two & half years and then the shop was let to a Church group as meeting rooms.
Today the Valuer rang me. He has just valued the property at $260,000. In 7 & half years, the shop has improved in value by $155,000 – a whopping 19% capital growth every year
Where else can you buy a 120m2 lock up shop, with 2 x internal Ensuite facilities, tea room, parking at rear for two cars etc?
It’s not flash, it’s not a multi storey office block, it’s not on an acre of land and it doesn’t have a multi-national world leading brand name tenant
But it’s never been empty, it’s in a safe location with good sight lines, and the shop next door is about to start construction on two apartments above their shop space, so we still have the opportunity for further development should we wish to do that.
Do not overlook the small properties. The tadpoles, the tiddlers, these are still fish in the pond. The concrete bunker a couple of suburbs away which I bought for $145,000 back in December, 2006 is now worth about $315,000 – where else can you buy a two bedroom garden villa unit with attached carport and secure rear courtyard?
It’s not all fashionable postcodes, or boutique houses, swish apartments or office blocks.
A basket full of pullet eggs is still a basket full of eggs. Over time, a pullet egg can still grow a full sized rooster.
Go and look for the small investments as well and as thoroughly as you go and look for the big ones.
Opportunity comes in all shapes and sizes. Do Not Overlook The Day Of Small Miracles
Even if the only investment eggs in the basket were these two properties, I would still have done very well!
Cheers
Kristine