Type of Property: House
Reason of Purchase: Investment3 1 2
When this time poor, Gold Coast based tradesman wanted to purchase an investment property he knew he didn’t want to do it alone.
After reviewing his finance position he found his borrowing capacity had been reduced due to the recent changes in the banking world. At first he was a little disappointed and thought he might no be able to purchase another property but after meeting with Zoran Solano they created a searching brief that worked within the clients more conservative price point. After exhaustive search the Hot Property Team found this great LMR zoned property suitable for future development.
The property needed some post settlement improvements which the client was more than happy to do in order to increased the rent ability and rental yield. Development is a longer term plan, so securing the tenant for the interim was needed.
Purchase Price: $375,000
Block Size: 675m2
Zoning: LMR suitable for Units and Town Houses
Bed/Bath/Car: 3 / 1 / 2
Proximity to CBD: ~12km