Purpose of Purchase: Investment initially – owner occupier in the future
Property Type: House
- Close proximity to The Southport School (within 10 minutes)
- Blue chip location
- Potential to add value through renovation
- Potential to remove the house and build new
- Close to the water and park lands
- 4 bedroom two level brick home with in-ground swimming pool
- Premium location – close to a number of good schools
- Close to beaches, Café precinct & Surfers Paradise
- Gated double carport
- Near Regatta Beach
A Successful Investment:
Hong Kong based investors who plan on moving back to the Gold Coast in a few years’ time to put their children through TSS (The Southport School), which is the most prestigious private boys’ school on the Coast. Naturally, the clients wanted a property no more than 10 minutes’ drive from the school.
The property was purchased with a tenant in place paying $575 per week which should provide a decent holding income until the clients are ready to return to the country. Potential for the clients to renovate the property before occupancy or remove the existing improvements and build a brand new family home.