Scott #3

Scott and Lisa had finished there last renovation project with me on the block of 10 units and were looking for the next project. I had come across a block of 7 units on one title which was off market and ticked their boxes for what they wanted to do next.

BRIEF

Investor/Development - This property they will renovate and strata title the units and then sell off individually.  

OUTCOME

Purchased:         Purchased $200k under valuation and $80k under asking price

Secured:             Off market

Identified:          No issues.

Settlement outcome: Settled and currenlt lodging DA to strata title the units and sell individually

 

Returns –

Bought (April) 2024:                    $1,120,000
Current Value 2024:                     $1,300,000
Rental Return:                                6.5%

We purchased this property under market value and its valuation. We are now in the process of renovating all the units and getting them strata titled so to sell them off one by one. 

TESTIMONIAL

10/10 Anjay is a fantastic and professional buyers agent. Anjay has helped my wife and I acquire outstanding two properties in Albury. We've greatly appreciated his expertise and advice in the negotiation process. He provides fantastic communication and top notch service.

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