Client Name: 

Peter & Grant

Client Occupation:
Senior Recruiter

Client Location:
New York, USA

The Brief: 
Our clients are a couple of Aussie expats living and working in New York. They are currently at the beginning of their property journey and have been thinking about purchasing for the past 6 months. They approached Milk Chocolate to help assist them in finding an investment property that can be leased straight away. This property would generate equity to allow them to purchase again, with the ultimate goal to build a portfolio that can generate a passive income for retirement

Purchase Reason:
Investment Property

Property Address: 
Black Hill, Ballarat

Purchase Price:
Undisclosed

Purchase Method:
Private Treaty

About The Property: 
3 Bed / 1 Bath / 2 Car - 1,012m2

An extremely rare and wonderful opportunity to be buying 1,010m2 of land, within 1.3km from the town center and train station. Located on the border of Soldiers Hill, Black Hill presents with enormous opportunity for long-term capital growth, as investors and buyers alike.

The current home itself is in good condition with well-appointed bedrooms, character features retained bathroom and kitchen updated to a satisfactory level for immediate leasing. The home features air conditioning and heating by way of reverse cycle, gas and wood burner. There are separate laundry and open plan living and dining. From a functional point of view, the property has a rainwater tank, solar panels and tinted double glazed windows at the rear.

The rear of the property faces direct west and there's a beautiful district view back to Soldiers Hill. Currently, at the rear, there is a double garage with access down the side of the house. Past this, there is a number of fruit trees including pink lady apples, lemons, and plums. There is also a chicken coop to the rear of the property.

• Extremely rare opportunity

• 1,010m2 of land; located only 1.3km from the town center and train station

• Potential to sub-divide

• The rear of the property faces direct West and there’s a beautiful district view back to Soldiers Hill

• Short-term land banking and organic capital growth opportunity

Our Services:

• Detailed brief and confirmed requirements with a reverse brief to the client

• Viewed properties on behalf of our client

• 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:
Not at the moment