Property Location: Randwick, Sydney
Our client was looking for a small renovation project in a high demand area.
They wanted a project they could turn over in a short space of time, so they could roll the profits into another project.
We located an Off Market opportunity on the beachside end of Randwick.
We negotiated our client preferential price and also terms, that would allow them to minimise the down time before settlement, and allow them to hit the ground running.
Purchase Price - $845,500
Renovation Cost - $90,000
Sale Result - $1,160,000
Rental return before renovation - $580pw
Rental return after renovation - $900pw
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
