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Thread: Masstige 8 auction - Anyone with 6 mil?

  1. #1
    Junior Member(有D料到)
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    Masstige 8 auction - Anyone with 6 mil?


  2. #2
    Senior Member(無間使者)
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    Good find! I’ll chip in 100 to start 😂

  3. #3
    Super Fans (忠實Fans)
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    The one who won 80 millions last few weeks?

  4. #4
    Senior Member(無間使者)
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    decent place for an investment if one had the money. sex always sells.

  5. #5
    Senior Member(無間使者)
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    At $380K annual rent, its a 5.7% rental return.. could be positively geared if you could borrow for low enough.. plus appreciation on the land

  6. #6
    Senior Member(無間使者)
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    Will they be shutting down or moving to another location?

  7. #7
    99 Premium Member (特級會員)
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    Quote Originally Posted by Azzkikr View Post
    Will they be shutting down or moving to another location?
    Staying on as tenants, current lease in place until 2031.

  8. #8
    Senior Member(無間使者)
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    Should we start a kitty?????

  9. #9
    Senior Member(無間使者)
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    crowdfund the purchase?

  10. #10
    99 King Member (帝皇會員)
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    It reads like they are selling the building, not the business.

    Unless someone is really cashed up,and wants to buy that too.

  11. #11
    Baby Member(留言版初哥)
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    Quote Originally Posted by spellbind View Post
    At $380K annual rent, its a 5.7% rental return..
    That's not a bad return considering market rate for commercial is around 5% at the moment.

  12. #12
    Senior Member(無間使者)
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    But that’s calculated at auction starting price. It’s an auction, lots of people can do the maths and it’ll probably end up closing much higher

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