Investment Properties

This complex is located in the CDB and within walking distance to everything. The complex itself consists of 10 residential units – 4 x 2 bedroom, 6 x 3 bedroom, 5 shops as well as 4 storage units.
The potential for the property is to strata the units, shops and storage units onto their own titles (the storage sheds you would keep on one title) and then sell them off individually. Given that you really can’t get a better location, these units should sell well to those wanting to live close to or literally in town. Some of the units have had updates, so there is also potential to add value with some minor renovations. If doing calculations I would allow $150,000 in renovations if this was the path you choose. I also believe that the sale prices I am quoting are quite conservative however they have been used for today’s market and to sell quickly. There would also be some room to move in the commercial prices as most commercial property in the area sells at approximately an 8% return.

Individual Resales:
2 bedrooms:
3 bedrooms:
Small shop:
2 x medium shops:
1 x large shop (2 smaller combined)
4 x storage sheds 25,000

$140,000 x 4 = $560,000
$150,000 x 6 =$900,000
$133,000 x 1 =$133,000
$160,000 x 2 =$320,000
$310,000 x 1 =$310,000

$50,000 Total resale: $2,273,000