2.jpg

Client Name: 
Withheld

Client Occupation:
Global Chief Executive Officer

Client Location:
Hong Kong

The Brief: 
Our clients are Australian expats residing in Hong Kong. Milk Chocolate was briefed to find a terrace located in Sydney’s Inner West, preferably in Balmain or Birchgrove. The brief was a home that could be placed on the short-term rental market so our clients could also enjoy the home as their Australian bolthole on their trips back to Oz. When they eventually return home from Hong Kong this property would be their home for a few years and they wanted a home that could be renovated to their taste before they returned.

Purchase Reason:

  • Investment Property

  • A place to stay on trips back to Australia

  • A property they could reside in for a few years when they return back to Australia full-time

Property Address: 
Birchgrove, NSW

Purchase Price:
Withheld

Purchase Method:
Private Treaty

About The Property: 
3 Bed / 1 Bath / 0 Car - 120sqm

There's a lot to like about this terrace, tucked in the heart of Birchgrove. A serene wide tree-lined street with good access to the local shops and parks. Buses to the city can be flagged just a short five-minute stroll away and the ferry a 12min walk. The property itself presents really well from the street and Internally, it just keeps going, with the ability for renovations down the track.

  • Located in the heart of Birchgrove

  • Rare rooftop deck with river views

  • Over looking Cockatoo Island

  • 8 minute drive to Sydney CBD

  • Close proximity to all amenities

Our Services:

  • Detailed brief and confirmed requirements with a reverse brief to the client

  • Searched on and off-market properties and viewed properties on behalf of our client

  • Presented recommended properties with the key information and cash flows

  • Presented town planning advice and renovation costs per property

  • Negotiate purchase price on behalf of the client

  • Liaised with the client's solicitor, mortgage broker and account on the transaction

  • Undertook extensive building inspections

  • Recommended short-term property managing agents and co-ordinated the service

Did we renovate:
We looked after minor maintenance works to get the property tenant ready

Rent:

Dynamic pricing for the short-term rental market

Gross Rental Yield:

7.1%

Comment