Advantage Property Consulting has developed a successful group block strategy where we source and negotiate the purchase of whole blocks of boutique un-renovated apartments on behalf of a syndicate of investors and homebuyers. The strategy is designed to add value to the property with all buyers committing to external works. The following property has been sourced and it located in Fawkner, which is 12 km north of the CDB.
Block of 5 x two bedroom villa units (from $220,000 to $249,000) and 1 x three bedroom villa unit ($299,000)
Estimated rental approximately $300 plus per week (2 bedroom) when renovated and approximately $350 plus per week (3 bedroom) when renovated
External Renovation Contribution and Fee
Each buyer will be required to commit between $15,000 - $20,000 each (approx.) for the external renovations to be carried out through the Owners Corporation. The consulting fee applicable for sourcing, negotiating and managing this opportunity is $13,750 (inc gst).
For further information on our Group Block purchases and information relating to this property, please contact our office on 03 9883 8900 for a no obligation meeting.
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