Brisbane - GEEBUNG

Off Market Investment with Renovation upside!

Off Market Property in Brisbane can be a tricky thing to find without the right help. With a network of contacts spanning over a decade Zoran was able to draw on his “Black Book” to secure this cracking off market investment.

He identified that the seller was looking to exit the property and wanted a seamless, low fuss transaction. At that same time we confirmed that one of our clients property goals exactly matched the opportunity this property offered. Joining the dots and managed this off market property purchase on behalf of our buyers agent client.

This pocket of Geebung offers great investment upside, falling within the Wavell heights high school catchment families are keen to buy and rent in the area.

The property itself offered the buyer an opportunity to add value via cosmetic works and refurbishment and improve the rental yield straight away also. This opportunity aligned directly with the clients goals. In addition the off market nature of the transaction resulted in less fees and costs for the seller which ultimately resulted in a more competative price outcome for out client.

Property Info

→ 30 Sunbury street Geebung

→ Free Hold

→ 3 Bed 1 Bath 1 Car

→ 13km to CBD

The numbers

→ Purchase Price = $870,000

→ Rental return at purchase = $490

→ New Rentals = $590-$650 per week

→ Invested around $30,000 in post purchase renovations

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