Unit owners clean up after selling entire building

first_imgEach flat was about 71 sqm except for one which was 89 sqm. “There’s a good number of investors, 50-plus age group, looking for somewhere to sink their money.”CoreLogic records showed all the owners were interstate investors who had previously been happy to set their units in the rental market and see it tick along comfortably. 26 Toorak Road, Hamilton, Qld 4007A GROUP of owners made a tidy profit after just five days on the market after banding together to sell their entire building.The unit owners at 26 Toorak Road in Brisbane blue chip suburb, Hamilton, pooled their resources to sell their complex as an eight bedroom, four bathroom, four car space property.The four apartments — each with two bedrooms, one bath, and one car space — attracted “massive interest” with the building selling for $1.98 million on August 10 after just five days on the market, according to agents Ranal Charan and Dr Paul Howe of Oxbridge. QLD richlister’s $20m renovation How Brisbane is beating southern capitals Brisbane’s cheapest rental suburbs The property was tidy and well maintained.Four years ago the units had been fetching about $390 a week in rent each, though that figure dropped this year to about $330 a week per unit.The property has views of the city skyline and is surrounded by some of the most expensive homes in Brisbane. FOLLOW SOPHIE FOSTER ON FACEBOOK Many of the properties art deco details have been lovingly maintained.More from newsParks and wildlife the new lust-haves post coronavirus17 hours agoNoosa’s best beachfront penthouse is about to hit the market17 hours ago“It’s a rare gem on one of the best streets and houses very seldom come on the market there.“Art deco properties have had a resurgence at the moment. They’ve always had good bones. If you buy one of those, renovated or not, you’ve always got good options.”All the units were about 71 sqm, except for one which had an extra 18 sqm. The firm was still getting calls from people interested in properties like it, he said. In recent times, rental rates have dropped.The unit market has seen some significant adjustment in recent times in terms of pricing given the massive boost in supply in the new unit market in the city. 26 Toorak Road, Hamilton, is a block of four flats surrounded by luxury homes.All the units had been bought for between $386,500 and $374,500 six years ago, bringing gross profit in at about 28 per cent per apartment.“Someone came to us and said they wanted to sell their property, as in just their unit. We gave them a price but said maybe approach the other three,” Mr Charan said.“The other three came up with a benchmark, we took it to market and sold it in five days.”Interest in such properties was strong, he said. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 9:24Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -9:24 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD288p288pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenCoreLogic Brisbane Housing Market Update – August 201809:25last_img read more

DeGale and Harrison weigh in ahead of Saturday’s title fights

first_imgJames DeGale and Audley Harrison have weighed in ahead of their respective title fights.The former Olympic gold medallists, both from Harlesden, are in action on Saturday night.DeGale defends his European super-middleweight crown against France’s Hadillah Mohoumadi, 32, at Glow, Bluewater.It will be the 26-year-old’s first bout since signing with promoter Mick Hennessy after a long-running dispute with Frank Warren.Harrison, meanwhile, faces the daunting task of taking on heavyweight prospect David Price in the unbeaten British and Commonwealth champion’s home city of Liverpool in a clash dubbed ‘The battle of the Olympians’.DeGale, who has fought only once this year, came in a pound under the 12-stone limit .“My training’s been spot-on and I feel in great shape going into the fight,” he told West London Sport.“It’s been a frustrating year but I’m back and am ready to make a fresh start, so it’s an exciting time. I can’t wait to get back in the ring.“He [Mohoumadi] looks strong and is as big as me. He’s clearly well prepared and coming to fight.”Harrison scaled 17st 7lbs at his weigh-in at Anfield while Price – a bronze medallist in the 2008 Olympics – was two pounds heaver.Much criticised since turning professional – particularly after meekly losing a one-sided world title clash with David Haye two years ago – Harrison knows a defeat at the Echo Arena would almost certainly end his boxing career.But the outspoken 40-year-old insists he has a realistic chance of upsetting the odds.“This is about my legacy. My journey. This is where I produce an Olympic performance and remind people of the Audley that won that gold medal,” he declared.“I respect David Price. I respect his achievements. But I’m coming here to lay it on the line and prove people wrong.”See also:Harrison to take on Price in LiverpoolHarrison tipped to produce ‘something special’ against PriceHarrison aiming to halt Price bandwagonUpbeat DeGale eyeing title showdownMohoumadi out to cause an upset in title clash with DeGaleJames DeGale and Hadillah Mohoumadi go head-to-headDeGale discusses Saturday’s fight and his spat with Eubank JnrHarrison promises ‘Olympic performance’ against PriceDeGale v Mohoumadi: Watch the pre-fight press conferenceFollow West London Sport on TwitterFind us on Facebooklast_img read more

Day 4 of Raiders training camp: A small dose of Antonio Brown

first_imgNAPA — The Raiders got a glimpse of life with Antonio Brown Tuesday, and the perennial Pro Bowl receiver left coaches and teammates wanting more.That’s just a little preview, a little taste, so imagine him being in on every play with (Derek Carr) back there,” wide receiver J.J. Nelson said. “It’s going to be fun. It’s going to be exciting. I’m looking forward to lighting up the scoreboard.”Brown went through warmups and drills in full pads, and then through one session with receivers …last_img

Jeff Duling, June 8

first_imgShare Facebook Twitter Google + LinkedIn Pinterest I feel lucky. We only got two tenths of an inch of rain last night and some areas got one to two inches, so I was pretty happy. We are wet. We still have a corn field and a bean field to plant. It gets close and then they talk about these big rains and you get scared about planting before that. I am going to give that corn a couple more days and then I’ll switch to beans.In the last two weeks we got another 50 acres of beans in and then we got 2.5 inches of rain really fast and it was like a lake out there. The beans made it out OK, though.Last night we drove from the middle of Putnam County to Findlay and everything was beautiful. If you go west of Ottawa it is ugly over by Continental. They are in bad shape over there. There are still a lot of acres not done the first time and a lot of acres going to get redone. They have been hit by a lot of rain over there.Yesterday afternoon I finished sidedressing corn. The corn is at V5 or V6 already and looks beautiful. The rains have been great for that, but from Mother’s Day on it has not been very conducive to planting. We haven’t done much since May 24 when we planted that last field of beans. It has been wet ever since. There are some guys trying to mud it in.The wheat is OK. I got about 80% of it sprayed with Prosaro. It has been humid and muggy so we’ll see how well it works. I think we have good conditions for head scab around here.I am pretty impressed with weed control in this area. Guys are figuring out how to get a handle on some of these problem marestail fields.last_img read more

Strategy Roundtable For Entrepreneurs: Non-dilutive Financing Through Revenue Sharing

first_imgA Web Developer’s New Best Friend is the AI Wai… Why Tech Companies Need Simpler Terms of Servic… During this week’s One Million by One Million roundtable, we started with a discussion of our hot-off-the-press news: 1M/1M Announces Partnership With Persistent Systems; CrowdEngineering First Beneficiary. This partnership speaks to a core philosophy of the program where we encourage entrepreneurs to get as much customer validation as possible before raising too much money, use other people’s channels if you can get to them, don’t burn too much cash, and all that good fiscal conservative stuff. And, oh by the way, we also really like the idea of the 1M/1M entrepreneurs building valuation and negotiating leverage through these business development efforts, instead of signing off large chunks of their company in form of equity early on.For a more elaborate explanation of the deal, please read my blog post 1M/1M: Alternative Financing For Startups Using A Sales Channel Partner. I have discussed at length why revenue sharing channel deals may serve as perfectly fine alternatives to raising equity (or even complements) because of their non-dilutive nature.Also, an Incubation Radar profile on CrowdEngineering explains more about this very, very cool company doing crowdsourced customer support. Social CRM is becoming quite a trend, and CrowdEngineering really pushes the envelope on the subject. And a few words about Persistent Systems, an outsourced software product development (OPD) company that is navigating its next phase of evolution are also warranted. Persistent is breaking out of the mold of labor arbitrage, and looking at new and exciting business models. My friend Tony Scott did an outstanding interview with Anand Deshpande, their CEO recently in which Anand discussed his vision for where he wants to take the OPD business. LetsGiftItAs for the entrepreneur pitches, first up today was Ryan O’Donnell with LetsGiftIt, a social software application with which multiple people who want to pool a gift for someone can orchestrate the entire process online. My read on the business is that it needs to go to market in a B-to-B mode, expanding the scope of gift registries on major sites like Macy’s and Crate & Barrel. I suspect Ryan is keener on building a consumer Internet play, but my business experience says this would do better as an add-on residing on the sites of other retailers. It certainly will be a better way to bootstrap the company.SOCO GamesThen Jeff Bogensberger pitched SOCO Games, the maker of a Facebook game called Earth 2.0. The game has started getting some traction already, and has a good virality index. Jeff also described a compelling in-game offer-based customer acquisition model that is proving quite effective for him. Jeff has managed to keep his burn rate very low thus far, and a slow and steady crafting of the business is working nicely. The majority of the discussion around this venture was around additional customer acquisition methods.BrainscapeNext Andrew Cohen presented Brainscape, an educational platform using a flash card type concept to learn vocabulary, language, etc. Andrew has about 40,000 users for a GRE test prep vocabulary product, acquired largely through iTunes. He asked questions about what investors are looking for: more free users or fewer paying users? The answer to the question is neither. They are looking for a validated model for each of the following issues: scalable customer acquisition, freemium conversion rate, and a pricing model for the premium product. Note, I said, validated. Not just assumptions. I also advised Andrew to greatly tighten his product and go-to-market strategy. As it stands, it is all over the place.SafarclickUp last was Hicham Jorio discussing Safarclick, an online hotel sourcing data service focusing on the Middle East and North Africa region, and catering to major OTAs like Expedia. Hicham has already brought about 3,000 hotels from the MENA region, but another 30,000 remain to be harnessed. In addition, there are another 30 to 50 OTAs beyond the 30 he already services to recruit. The business is already profitable with $2.9 million in revenue. Clearly, it can go much further, and Hicham is trying to decide whether he grows organically, or raises outside financing. He has attracted attention from a hedge fund interested in investing in the company, and asked what I thought about that option. Well, I didn’t think much of it. I would never take investment in a startup from a hedge fund.You can listen to the recording of today’s roundtable here. Recordings of previous roundtables are all available here. You can register for the next roundtable here.Sramana Mitra is the founder of the One Million by One Million (1M/1M) initiative, an educational, business development and incubation program that aims to help one million entrepreneurs globally to reach $1 million in revenue and beyond, build $1 trillion in sustainable global GDP, and create 10 million jobs. She is a Silicon Valley serial entrepreneur and strategy consultant who writes the blog Sramana Mitra On Strategy, and is the author of the Entrepreneur Journeys book series and Vision India 2020. She has a master’s degree in electrical engineering and computer science from the Massachusetts Institute of Technology.Photo by nosheep sramana mitra Related Posts center_img Tags:#How To#start Top Reasons to Go With Managed WordPress Hosting 8 Best WordPress Hosting Solutions on the Marketlast_img read more