This oversized unit was purchased for an interstate investor looking to secure a quality unit in a great suburb of Brisbane.
Type of Property: Unit
Reason of Purchase: Investment2 2 1
Only just a few hundred metres from the Racecourse Road café and restaurant precinct, this property has everything at its door step.
The strategy for this purchase is long term hold, for capital growth with good depreciation and strong rental return. This property was purchased pre-auction and we were able to include a rental clause allowing our sister company Hot Property Management to secure a tenant prior to the property settling. It achieved 4.85% gross rental yield and only a few days down time between settlement and tenant occupancy.