Client Name:
Withheld
Client Occupation:
Legal Counsel
Client Location:
Abu Dhabi, UAE
The Brief:
Our client had been searching for three months for her next investment property before contacting Milk Chocolate. The brief was an investment grade apartment that could hold for the foreseeable future with a high rental yield and capital growth in the long-term. Our client needed someone on the ground in Australia to make this happen.
Purchase Reason:
Investment property
Property Address:
Canberra, ACT
About The Property:
1 Bed / 1 Bath / 1 car - 67m2
This is a well-established apartment constructed to a high standard/owner-occupier spec with district views in a well-maintained complex. The street is a mixture of low rise apartment complexes, villas, and beautiful heritage style detached houses. The apartment is in a central location, a stone's throw to major shopping centres, renowned restaurants, bars, cafes, amenities, the new light rail under construction and the city centre.
10min walk to light rail stop currently under construction
8min walk to the major shopping district
15min walk to the city centre
The area is experiencing major gentrification and infrastructure projects
Existing long-term executive lease in place
Purchase Price:
Withheld
Purchase Method:
Private Treaty
Did We Renovate:
Not required
Rent:
$420.00/wk
Gross Rental Yield:
5.86%
Our Services:
Detailed brief and confirmed requirements with a reverse brief to the client
Presented research findings and suburb due-diligence with our recommendations
Commenced search and viewed properties on behalf of our client
Presented recommended properties with the key information and cash flows
Negotiate purchase price on behalf of the client
Liaised with the client's solicitor and mortgage broker on the transaction
Undertook extensive strata and building inspections
Recommended property managing agent
Testimonial:
"Extremely happy and impressed with Milk Chocolate's services. Their research was comprehensive and relevant. Their contact with myself and service providers was considered and proactive. They answered my brief successfully. They were my eyes and ears on the ground when I could not be in Australia myself. I will definitely purchase another property through Milk Chocolate and recommend them to any other expat investors."