Type of Property: House
Reason of Purchase: Investment4 3 2
The client we represented to purchase this property is a semi-retired Builder / Developer looking to purchase an easy low risk project for 2017. Being based in Bundaberg, this client felt that not only did he need someone on the ground in the market every day to search and purchase the right property, but also to introduce him to the right team of consultants to guide him through the development process in a council area that he had never developed in which has multifaceted town planning civil guidelines. After a few weeks of searching the ideal property was found in Nundah, Situated within 9km of the Brisbane CBD, properties like these are becoming more difficult to find as the Brisbane market heats up.
With easy access to Public Transport, Nundah Village, Gateway Motorway and The Clem 7 this property is ideally located for strong future growth.
Key features that attracted our team to this property was the fact the current dwelling was positioned correctly on the block for easy development. With sufficient side access to the back yard providing the ideal platform to build two new town homes at the rear of the property. The block size is a healthy, 810m2 over 2 Lots within an LMR ( Low to Medium Density) which allows for Town house or Unit Development.
The current dwelling was renovated around 10-15 years few years ago with the property now just needing a cosmetic improvement when trades are onsite undertaking the rear town house development.
This Low Risk, development was exactly what the client needed within his portfolio, offering income straight away given the great condition of the dwelling, and the future upside of adding town homes to the rear of the property.
Another great result!!