Property Location: Bondi Beach
Our clients were tired of renting, and wanted to get an investment that would not only grow in value long term, but also generate a healthy cash return each week.
They knew the most sought after locations would help them generate this return, such as walking distance to the beach, great lifestyle amenities, cafes, restaurants, shopping, express city transport for and easy access to the CBD.
They saw that most unrenovated properties sold for a premium price, especially at auction, and definitely didn’t want to pay that premium.
They were familiar with the old saying that ‘you make your money when you buy’.
Our clients wanted to also leverage off our own vast renovation experience, and knew we understood the type of property they needed, and the right price to pay.
We contacted our vast database of agents and came across an opportunity in Bondi Beach.
We advised our clients on the exact renovation to do, how much they should spend, and even gave them some industry contacts to use.
We negotiated a preferential price and terms for our client, and quickly secured it for them.
Our clients completed the work and then used a combination of furnished short term rentals and longer tern tenants to generate the highest return and the lowest vacancy possible.
Works Included:
Purchase price – $1,085,000
Renovation cost – $25,000
Market value after renovation – $1,150,000 to $1,200,000 approx.
Rental return before renovation – $650 per week
Rental return after renovation – $495 per night - $3,465 per week (peak summer), $750 per week (winter)
“What a great experience - signed on Sunday and bought the following Saturday!
Frank helped us look past cosmetics and buy a place that was great value in a great location.
The value that Frank brings far exceeds the initial outlay."
Michaela
Bondi Beach
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
