This interstate investor wanted to diversify into the Queensland market, with the ability to renovate and add instant equity along the way. With limited knowledge of the local market, the priority was finding an independent buyers agent who could be trusted to secure the right asset.
Blue Key negotiated the purchase under the median price range for the suburb, north of Brisbane, on a large block of land with potential to subdivide down the track. The property was tenanted prior to settlement, so there was no gap in rental income from day one.
With low vacancy rates in the area and scope to add value through cosmetic renovations, it is a purchase built for both immediate cash flow and long term upside.
The Result:
- Secured under the median price range for the suburb
- Tenanted prior to settlement
- Large block with potential to subdivide
- Low vacancy rates in the surrounding area
