Property acquisition costs involved in purchasing a property include items such as stamp duty, legal fees, buyer’s agent fees and establishment fees for the BrickX Trust that holds the property.
Acquisition Costs costs are included in calculating the Initial Brick Price and then these costs are amortised evenly over a 5 year period.
The main purpose of the Cash Reserve is to cover ongoing costs over a vacant period or any large unexpected expenses relating to the property (e.g. major repairs or special levies).
Refer to the Product Disclosure Statement for more information.
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