Congratulations to Lance and Susan who have just purchased this great little development site on the southern end of the Gold Coast!!
Purchased: February 2019
This property offers them lots of options! They are planning on putting tenants in for a few years while they work on getting plans approved to build a duplex pair. They may even decide to fully renovate the property and move into it themselves in the long term.
Located less than 500m to the beach, we paid $749,500 for this property. With a holding income of $600 - $650pw it will tick along nicely until they decide on their next move.....
Whatever they decide, this property stood out for a number of reasons:
- development potential
- north facing backyard which is almost a must on the GC
- good layout and quality build for future substantial renovation down the track if they decide
- location! It doesn't get much better than this....
There are comparable sales in the same street for renovated properties at over $1,300,000 so they have plenty of scope to add value here without over capitalising.
Congratulations on purchasing your first investment property guys! What a way to start......!
At Eureka Buyers Agents WE FIND. WE NEGOTIATE. YOU SAVE!