Since publishing 2 articles recently on cash-flow positive properties that you can invest in in the OCR and the CCR, we’ve had a couple of readers asking:
Is it worth investing in an old leasehold property to achieve positive rental gains?
Investing in old leasehold properties can be alluring mainly due its affordable quantum. This puts it within reach of more property investors, and these are generally the more cash-flow positive investments you can make given the higher rental yields.
To answer this question, we turn our attention to a 60-year leasehold property.
This property is The Hillford – which we featured in our previous article on cash-flow positive properties in the OCR (note: The Hillford is actually in RCR, but its just a few metres away from the OCR).
The Hillford’s claim to fame is its 60-year leasehold status. That, or the fact that the property is touted as a retirement village – take your pick....