It’s Leura central this week, as Leura Spires commercial building is up for sale.
The residential units have been less than inspiring, with initial investors finding it a long wait to get more than their $330,000 off the plan investment price. It will be interesting to see how the commercial side fairs. The vendor claims $245k p.a. income, but some of the tenants look to be less than commercial (mountains bridge club?). The rent suggests a price around $5 million-ish if the tenants are on standard commercial leases. KLonline bids $1!
If you want to bid more, go here.
The big surprise is the clocks show the same time. Did they stop at 8:40 together? Certainly, they have shown the wrong time 90% of the time the building has existed.