Buyers Advocacy-UNIT BLOCK
Purpose of Purchase: Investor-Wealth Creation Strategy
Property Type: A Unit Block consisting of 3 x 1 bedroom + 2 x 2 bedroom flats.
Situated on an 877msq allotment zoned LMR.
Potential of renovating all units and adding a unit to the existing site
- Client was after a Unit Block 10kms from CBD
- Needs to be highly geared.
- Potential ability to Strata
- Manufacture Equity through renovation and increasing density
This small unit block was returning just over a 5% yield on purchase.
The property was also situated on a good size block with appropriate Zoning for future development to exisiting or build new .
All flats are currently in good condition and the units rental can be increased with a partition of the garden areas to individual flats.
A great Unit Block purchase with plenty of upside.