Brisbane Acacia Ridge | Purchased at Auction
This LMR (Low to Medium Density Residential) property offers our client a great land banking opportunity for future development, while providing a strong rental yield during the holding period.
This property was purchased for a client who has just moved to brisbane from Luxembourg and wants to build a portfolio in Brisbane. Having moved to Australia to start a new life, and recently established a new business recently this husband and wife team needed help when it came to their property purchase.
Using our years of auction experience and through our proven auction bidding strategy we managed to pick this property up for a great price under the sellers original reserve and without competition from other buyers.
Property Type
House
Reason of Purchase
Investment
The Space
3 beds / 1 bath / 1 car
Price
$400,000
Rental Return
$360 per week (4.7%)
Proximity to CBD
12 - 13km
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