Client Name:
Withheld
Client Occupation:
Legal Counsel
Client Location:
Abu Dhabi, UAE
The Brief:
Our client is an Australian ex-pat residing in Abu Dhabi, UAE. She engaged Milk Chocolate to assist in building her property portfolio with investment-grade properties that provided high rental yield and capital growth. This is now the third property purchase for her portfolio.
Purchase Reason:
Investment Property
Property Address:
Mile End, SA
Purchase Price:
Undisclosed
Purchase Method:
Off-Market Private Treaty
About The Property:
3 Bed / 2 Bath / 2 Car - 418m2
A 1920s freestanding cottage that has undergone a sound restoration. The execution of existing works is high, especially in the original component of the house. The rear yard area provides significant undercover entertaining, lawn area and storage shed, in addition to the garage with drive through access.
This home is located in the heart of Mile End, 4.6km from the CBD and easy walking distance to the central precinct of Mile End and Torrensville on Henley Beach Road. There is also a bus stop providing city transport only a 280m level walk away.
There are also many potential opportunities for further value-adding, however, with the majority of the hard work completed, the option for an immediate lease is also possible.
Our Services:
• A detailed brief and confirmed requirements with a reverse brief to the client
• Searching for off-market properties
• Viewed properties on behalf of our client
• 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
Will we renovate:
There is an opportunity to expand the shared bathroom into the current “study” space to incorporate a bath and up-spec the presentation. This would then enable us to more intelligently configure the remaining space to increase functionality and presentation. A more subtle colour scheme and updated floor coverings would also prove beneficial from a re-sale perspective. As this home is also free-standing with plenty of off-street parking along the Southern boundary, this home positions itself as a more appealing option in comparison to neighbouring maisonettes.