Client Name:
Withheld
Client Occupation:
C-Suite Marketing Executive
Client Location:
Abu Dhabi, UAE (now relocated back to Sydney, Australia)
The Brief:
Our client was an Australian expat residing in Abu Dhabi and returned home in late 2018. We were briefed to locate a great investment property that could be rented now and renovated in the future. This would be the first property in their Australian portfolio, which they want to build on.
Purchase Reason:
Investment Property
Property Address:
Victoria
Purchase Price:
$540,000
Purchase Method:
Private Treaty
About The Property:
3 Bed / 1 Bath / 3 Car - 533sqm
A fantastic post-war federation home that has been taken care of meticulously by the previous owners, both internally & externally. Plenty of renovation potential that will still allow the amazing federation features to be kept.
Post-war Federation features
Renovation potential
Less than 10 minute drive to two seperate shopping centres
Easy access to public transport such as buses and trains
2km as the crow flies to the city CBD
Our Services:
Detailed brief and confirmed requirements with a reverse brief to the client
Presented a wide range of state, region and suburb recommendations that suited our clients requirements
Sourced 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
Negotiated the purchase price on behalf of the client
Liaised with the client's solicitor and mortgage broker on the transaction
Undertook extensive building inspections
Prior to the renovation we are also the appointed property managing agent
Did we renovate:
We are currently in the planning and due-diligence stage for a full structural renovation.
Renovation Spend:
~ $250,000
Rent:
$350/wk
Gross Rental Yield:
3.37%