Purpose of Purchase: Development
Property Type: 2 lots totalling 911msq – Brick home straddling the two lots- Demolition already approved- Potential of City Views from front of new homes.
Purchase Price: $841,000
Yield & Rental Info: leased after two weeks on rental market for $500 per week gave the client some assistance until the development was commenced.
How this purchase met the clients brief:
- Client after a Splitter/Double block to Develop into 2 new homes
- Wealth Creation Strategy
- This property already on Two lots- so fairly simple Development
This client engaged NPB QLD for their 2nd development property.
This property was secured OFF Market and demolition of existing home was already approved through BCC.
Property now has two new homes built-