Purpose of Purchase: Investment
Property Type: House
- Close proximity to shops, schools and transport
- Minimal ongoing maintenance
- Low vacancy rate
- Blue chip inner city suburb close to CBD
- Good size block of land
- Renovated home with good street appeal
- Low maintenance investment
A Successful Investment:
The client was a doctor looking to purchase a residential investment property. As the client was paying cash (not subject to any finance) we were able to use this to our advantage in the negotiation phase of the process. We were able to secure the property in a multiple offer scenario (with 4 other offers) as the second highest offer due to having the strongest contract conditions. This property was ideal for the client’s brief as it had been fully renovated to a good standard over the past 5 years.
We secured a tenant within a week of settlement achieving a 4.3% yield.