Type of Property: House

Reason of Purchase: Investment

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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. 

 
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. 
 
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. 
 
 Fast Facts:

Purchase Price:

$400,000

Block Size:

673m2

Proximity to CBD:

12-13km

Rental Return:

$360 per week ( 4.7%) 

Development Opportunity: 

3 or 4 Townhouses