Client Name: 

Jack & Lulu

Client Occupation:
Actuary

Client Location:
Hong Kong

The Brief: 
Our clients are an Australian expat family living and working in Hong Kong. They have commissioned Milk Chocolate to help build their existing property portfolio for retirement. The keys to their property portfolio is accumulation and diversification across suburbs/locations, capital growth, and rental yield.

Purchase Reason:
Investment Property

Property Address: 
Zillmere, QLD

Purchase Price:
Undisclosed

Purchase Method:
Pre-Auction

About The Property: 
3 Bed / 1 Bath / 2 Car - 997m2

This is a pure numbers play and an opportunity to get into a high growth suburb in Brisbane. The ability to purchase a house on c. 1000m2 within 12km (as the crow flies) of the Brisbane CBD is an amazing opportunity. The cream on top is the opportunity value and the ability to sub-divide. The area is showing strong signs of re-development and it is certainly a strategy sophisticated investors are taking up - with no better evidence than two large blocks on the same street recently sub-divided with two new houses built on the new blocks.

The home itself currently, is in good order. It is a small boutique 3-bedroom house, recently painted, floors stained and in general, well kept.

• Massive block in a high growth suburb

• Within 12KM of the CBD, as the crow flies

• Opportunity value and ability to sub-divide

• A very short walk to the beach (less than 5-min)

• Located only 8min drive from Westfield Chermside

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

• Negotiated the purchase price on behalf of the client

• Liaised with the client's solicitor and mortgage broker on the transaction

• Undertook extensive building inspections

Will we renovate:
Yes, town planning/ civil works, site demolition and sub-divide block of land into two new houses