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looking through the windows a few nights ago, it is just open space, not carpark, it looks like normal commercial space but no fitout has happened yet.
From today and still closed:SRW wrote:The arcade entrance looks complete but remains unopened. It doesn't look particularly inviting either.
I thought the old stone building would become some sort of commercial space, but at the moment it remains a shell directly open to the utility area/car space.
15 AUSTIN ST ADELAIDE SA 5000
UNDER ASSESSMENT
Description: Change of use of 87 residential apartments to tourist accommodation
Application ID: 22002744
Lodged: 01/02/2022
Property details: 15 AUSTIN ST ADELAIDE SA 5000
Name: Arise Hotels and Apartments
Lots. Those who are not using their apartment as a commercial business are subsidising those who are. The ATO recognises that a commercial operation has a higher wear and tear and shorter life span and things are written off quicker. A property that is used for a commercial purpose also get a write down at a rate of 4% where residential gets 2.5% again a recognition by the ATO that a commercial use has a higher wear and tear. Look at what Ben posted on the 2/2/22 at 8:35 Arise hotels have application to reclassify to "Tourist Accommodation" which equals commercial, 87 apartments. (update - it appears as if the Council approved the application today not that they could have stopped it, it complies with their development plan)
Another Hotel? Isn't Adelaide already completely saturated with them?normh wrote: ↑Fri Feb 04, 2022 3:20 pmLots. Those who are not using their apartment as a commercial business are subsidising those who are. The ATO recognises that a commercial operation has a higher wear and tear and shorter life span and things are written off quicker. A property that is used for a commercial purpose also get a write down at a rate of 4% where residential gets 2.5% again a recognition by the ATO that a commercial use has a higher wear and tear. Look at what Ben posted on the 2/2/22 at 8:35 Arise hotels have application to reclassify to "Tourist Accommodation" which equals commercial, 87 apartments. (update - it appears as if the Council approved the application today not that they could have stopped it, it complies with their development plan)
The security of the building is compromised as there is a constant string of strangers in and out of the building. Noise issues are difficult to be dealt with as those at the cause are gone the next day or so and don't care. There is no need for the "hotel" to have 24 hour staff at the property, only need a manager to be on call and able to attend, the condition states in a short period of time? so what does that mean? it is 3am now so I'll be there at 7am?.
Due to the higher wear and tear the community facilities get higher usage require higher maintenance, some warranties don't cover commercial usage, the Body Corp via its fees have to pay for this, that means everyone in the community is subsidising the upkeep of the "hotel". When it does all wear down and needs major revamp, unlike the Hilton and Co who have to spend millions of $$ these "hotels" just leave and the owners are left to upgrade it.
It has a huge impact. These issues are being recognised and felt largely in the Eastern States currently who are progressively introducing laws that allow BC's to ban short term rentals.
Nope, quite a low number per capita in the CBD compared to other Australian capitals.VinyTapestry849 wrote: ↑Sun Feb 06, 2022 10:08 amAnother Hotel? Isn't Adelaide already completely saturated with them?normh wrote: ↑Fri Feb 04, 2022 3:20 pmLots. Those who are not using their apartment as a commercial business are subsidising those who are. The ATO recognises that a commercial operation has a higher wear and tear and shorter life span and things are written off quicker. A property that is used for a commercial purpose also get a write down at a rate of 4% where residential gets 2.5% again a recognition by the ATO that a commercial use has a higher wear and tear. Look at what Ben posted on the 2/2/22 at 8:35 Arise hotels have application to reclassify to "Tourist Accommodation" which equals commercial, 87 apartments. (update - it appears as if the Council approved the application today not that they could have stopped it, it complies with their development plan)
The security of the building is compromised as there is a constant string of strangers in and out of the building. Noise issues are difficult to be dealt with as those at the cause are gone the next day or so and don't care. There is no need for the "hotel" to have 24 hour staff at the property, only need a manager to be on call and able to attend, the condition states in a short period of time? so what does that mean? it is 3am now so I'll be there at 7am?.
Due to the higher wear and tear the community facilities get higher usage require higher maintenance, some warranties don't cover commercial usage, the Body Corp via its fees have to pay for this, that means everyone in the community is subsidising the upkeep of the "hotel". When it does all wear down and needs major revamp, unlike the Hilton and Co who have to spend millions of $$ these "hotels" just leave and the owners are left to upgrade it.
It has a huge impact. These issues are being recognised and felt largely in the Eastern States currently who are progressively introducing laws that allow BC's to ban short term rentals.
Then the Freemason tower hotel and SA1 tower hotel will be great thengnrc_louis wrote: ↑Sun Feb 06, 2022 10:34 amNope, quite a low number per capita in the CBD compared to other Australian capitals.VinyTapestry849 wrote: ↑Sun Feb 06, 2022 10:08 amAnother Hotel? Isn't Adelaide already completely saturated with them?normh wrote: ↑Fri Feb 04, 2022 3:20 pm
Lots. Those who are not using their apartment as a commercial business are subsidising those who are. The ATO recognises that a commercial operation has a higher wear and tear and shorter life span and things are written off quicker. A property that is used for a commercial purpose also get a write down at a rate of 4% where residential gets 2.5% again a recognition by the ATO that a commercial use has a higher wear and tear. Look at what Ben posted on the 2/2/22 at 8:35 Arise hotels have application to reclassify to "Tourist Accommodation" which equals commercial, 87 apartments. (update - it appears as if the Council approved the application today not that they could have stopped it, it complies with their development plan)
The security of the building is compromised as there is a constant string of strangers in and out of the building. Noise issues are difficult to be dealt with as those at the cause are gone the next day or so and don't care. There is no need for the "hotel" to have 24 hour staff at the property, only need a manager to be on call and able to attend, the condition states in a short period of time? so what does that mean? it is 3am now so I'll be there at 7am?.
Due to the higher wear and tear the community facilities get higher usage require higher maintenance, some warranties don't cover commercial usage, the Body Corp via its fees have to pay for this, that means everyone in the community is subsidising the upkeep of the "hotel". When it does all wear down and needs major revamp, unlike the Hilton and Co who have to spend millions of $$ these "hotels" just leave and the owners are left to upgrade it.
It has a huge impact. These issues are being recognised and felt largely in the Eastern States currently who are progressively introducing laws that allow BC's to ban short term rentals.
. But having a hotel in Realm is strange, and will probably annoy the neighbors.
