Property Location: Bondi Beach
Our clients were looking to build a portfolio of prime location properties that would provide steady cashflow and strong capital growth.
They wanted to utilise the ‘adding value’ strategy, where they could add instant equity and also improve the cashflow, to help them leverage into their next property.
We made a number of recommendations, based on our experience of seeing where the most buyer demand is, as well as a shortage of suitable quality properties.
Our clients decided to focus on a large 2 bedroom unit, located within walking distance to Bondi Beach and the desirable café culture hub, easy access to city transport and in a character building.
We shortlisted 19 suitable properties, and went through inspecting them all for our clients. From that list, we took them to the most suitable selection that most closely fitted their brief.
The most suitable property was decided on, due to its premium location, good natural light, privacy, extra size, and renovation potential.
We ensured all the due diligence was completed in a timely manner, and we negotiated the purchase, away from the other competing buyers.
Our clients were able to gain access in the following days, and had already planned out the details of their renovation to commence straight after settlement.
Our clients completed the work in a timely manner, and then placed a tenant into the property.
Works included:
Purchase price – $900,000
Renovation cost – $42,000
Market value after renovation – $1,000,000 to $1,050,000 approx.
Rental return before renovation – $500 per week
Rental return after renovation – $745 per week
“We would wholeheartedly recommend Frank Russo as a buyers agent.
He found us an investment apartment within a few weeks of signing up. We are absolutely thrilled with the result.
Frank was very personable, professional and knew his 'stuff'!
He was a master negotiator and knew when to hold back and when to show his hand.
Frank's contacts with all the real estate agents in the area we were looking was invaluable in finding the right property.
We were initially hesitant as we hadn't used a buyers agent in the past but will now be using Frank for every purchase we make in the future and have already recommended him to our family and friends.
He managed to secure us a brilliant buy below market value and did all the research and foot walk for us. We both work full time so this too was invaluable.”
Mary
Renovator Buyer
Address: Suite 1512/83 Spring Street Bondi Junction 2022
Postal Address: PO Box 2192 Bondi Junction NSW, 1355
Telephone: 1300 132 970
E-mail: info@searchfindinvest.com.au
