Off Market Deal
Type of Property: House
Reason of Purchase: Investment4 2 2
Secured off market, this property represents a sound foot hold in the Brisbane property market for our Melbourne based investor.
Having sold an investment property in Melbourne and keen to get their capital back into the market, the race was on to ensure these investors were not out of the market too long.
Located within the 10km radius from the CBD, this Brisbane Investment Property purchase has a perfect balance between a modern 4 bed 2 bath 2 car configuration but still holds scope to add value in the future in order to optimise its performance.
At the time of purchase, the property was leased via the DHA rental agreement achieving a below market rent, with scope to increase the rental amount at the end of the DHA agreement.
There was also scope to renovate the property to add value, which all contributed to this being a great investment.
Rental Yield: Market Rent ~4% Gross
Bed / Bath / Car: 4 / 2 / 2
Block size: 600m2
Proximity to CBD: 10km