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.
These costs are included in calculating the initial Brick price.
The cash reserve is a buffer that is primarily used to cover any expenses not covered by the income generated from the property for approximately 3 months. This could include a short-term vacancy in the property due to maintenance/renovations being carried out.
Refer to the Product Disclosure Statement for more information.
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