Building wealth. A simple statement. Everyone wants to “build their wealth”, or just simply “get rich”. One of the most widely recognized paths to this wealth building has historically been through Real Estate Investment. I use the word “path” deliberately as the road to real estate riches is not normally one of “overnight success”. It has [...]
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ASCOT Vale’s Laurel Hotel sold at auction on Thursday for $3.32 million. The prominent Mount Alexander Road pub sits on a massive 1167 square metre site and was sold with a five year lease, with two options, each of six years. Sources say an opportunist owner could develop a high density apartment project above the existing structure while still allowing the drinking hole to operate and fulfil its lease below. [...] |
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