About Project

Located in the up and coming suburb of Coorparoo this 607 metre square block was purchased on behalf of a client towards the end of 2014. The site allows enough room to build 2 two bedroom two bathroom townhouses as well as raise and lift the existing dwelling creating a dual living opportunity while the townhouses provide for a quad living site in total producing extraordinary high yields not achievable with simple buy and hold strategies. The site was purchased for approximately $560,000 the site is expected to produce a return on investment of around $300,000 as well as a passive income projection of upwards $10,000. The project has been coming along nicely over the first few months 2015 with fresh renovations as well as a modern interior upgrade for the kitchen and bathroom, the DA’s have been submitting and the project progressing smoothly. Tenant demand was high and there were no issues having this property tenanted following the renovations. The next step is to await council approval and work can begin on the rear yard townhouse development.

Project Details
  • Client : Private
  • SKills : Buyers Agents
  • Service : Buyers Agency
  • Date : Latest
  • Category : Property