I have one of those service apartments which i purchased years ago before it was service apartments and then I signed that dreaded 15 year lease. Its one bed 60Sqm and while I've had quite good returns over the years, it will be impossible to sell until I am free of the lease (I'll probably die first!). Other apartments not tied to a lease get a slightly better rental yield (though cost more in maintenance and advertising etc) and sell for double what I could get.
My other small unit close to city in small older block gets great returns and is never empty and has quadrupled in price. I wish I'd bought 2 of those at the time.
My other small unit close to city in small older block gets great returns and is never empty and has quadrupled in price. I wish I'd bought 2 of those at the time.