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Considering they would have been paying rent for this building...

  1. Wanelad1
    4,409 Posts.
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    20/08/09
    16:13
    Post #: 5534810
    Considering they would have been paying rent for this building and now may just have a mortgage it seems a great propersition to me.

    Once income stream starts comming in there will also be tax benefits. I note there has been recent renovations which will have depreciation tax right offs as well. Bit surprised to see there was not a better response

    Not sure if they intend to rent out some of the excess rooms
    STI Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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