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MOOROOKA- Unit Block

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

Budget: $1,500,000

Client Brief

How this purchase met the clients brief:
  • 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
Description:

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.

Contact Us

07 3844 7376