v
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

Purchase Price: $1,150,000

Yield & Rental Info: A combined weekly rental of $1,375 upon purchase has given our clients a yield in excess of 6% and with a growth rate of 4% + per annum this is a great solid investment putting cash in the bank.

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 6% rental yield on purchase.

The property was also situated on a good size block with appropriate Zoning for future development to exisiting building or build new .

All flats are in good condition and the units rental value can certainly be increased with a partitioning of the garden areas allocated to each individual flats.

A great Unit Block purchase with plenty of upside.

Contact Us

07 3844 7376