Client Name:
Stephen & Edwina
Client Occupation:
Managing Director and Head of Creative Services
Client Location:
Sydney, Australia
The Brief:
Stephen and Edwina are expanding their existing property portfolio. Milk Chocolate presented state, region and suburb due-diligence, showing how a purchase in various areas would complement their existing portfolio. Stephen and Edwina then moved forward with an icon Queenslander within 5km of the Brisbane CBD, a property that can be leased now and structurally renovated in the years to come.
Purchase Reason:
Investment Property
Property Address:
Paddington, QLD
Purchase Price:
Withheld
Purchase Method:
Auction
About The Property:
3 Bed / 2 Bath / 2 car - 407m2
• 15 min walk to Suncorp Stadium
• 25 min walk from the front door to Brisbane CBD
• Dual street access
• Opportunity to sub-divide
• Character Queenslander
• Potential to raise up, build in underneath and extend out to create additional living spaces and bedrooms
Our Services:
• Detailed brief and confirmed requirements with a reverse brief to the client
• Commenced search and viewed properties on behalf of our client
• Presented recommended properties with the key information and cash flows
• Presented town planning advice and renovation costs per property
• Bid at auction on behalf of the client
• Liaised with the client's solicitor and mortgage broker on the transaction
• Undertook extensive building inspections
• Recommended property managing agent
Did we renovate:
We have leased the property out for 12-months with the aim to complete the DA immediately and then renovate in 12-months time.
Rent:
$660/wk
Gross Rental Yield:
2.98%