Client Name:
Scott and Althea
Client Occupation:
Lawyer & Commercial Management
Client Location:
London, UK
The Brief:
Scott and Althea are a young couple working in law and commercial management. They currently reside in London, UK. They are at the beginning of their property journey, and have commissioned Milk Chocolate to assist in building a diverse low-medium risk, positively-geared portfolio.
Purchase Reason:
Investment Property & Sub-Division
Property Address:
Brisbane
Purchase Price:
$520,000
Purchase Method:
Private Treaty
About The Property:
3 Bed / 1 Bath / 1 Car - 1,012sqm
This property is packed with potential and that comes down to the sheer size of the land, being 1012m2. The suburb is a gentrifying suburb and is behind its other gentrified neighbours. However, the size of this block is a nod to the long-term potential - given the opportunities to sub-divide to unlock further value - we are very excited about this property.
• Massive land size available (1,012sqm)
• Located in a gentrifying suburb
• Sub-division Potential
• Renovation Potential
• 8 minute walk to the nearest train station
• 15 minute drive to one of the largest shopping centres in Australia
Our Services:
• Detailed brief and confirmed requirements with a reverse brief to the client
• Commenced search 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
• Project management
Did we renovate:
Yes, we are about to undertake a full site demo to sub-divide the block into two (600m2 and 400m2), build the first home at the rear and then redraw on the equity for the build of the home on the front block. We would then hold one (rear) and sell the other (front) to continue on client’s property journey.