Client is a doctor from SA and his requirements were to find a site with potential for development close to Austin Hospital and also near Ivanhoe shops that can accomodate a minimum of 3 or 4 townhouses. The particular property we secured can accomodate 4 x 4 bedroom good sized townhouses and meets the feasibility requirements of the client. We managed the construction of the development and also currently manage the BnB.
This property was purchased with plans and permits for a client that wanted to start a project asap. This is a 3 x 4 bedroom townhouse development and all townhouses were sold during presale and construction completed on time. Client decided to keep a townhouse for rental purposes and to increase their asset position
Property purchased in Hawthorn Scotch Hill with a short walk to train station, shops as well as schools. Client wants to be near Scotch College and this particular site suits their requirement as it’s only a minute walk to Scotch College and faces part of their sporting grounds. We achieved 4 x 4 bedroom townhouses on this site and all pre-sold prior to construction mainly to local residences.
We secured this property as it represented an opportunity for the client to either develop and potentially retain a few units for finance purposes or ultimately re-sell with plans and permits to make a profit. As this property was zoned high density when we bought it, it allowed our architects to be quite aggressive during planning to achieve 6 x 3 bedroom townhouses which was a very respectable outcome for our client.
Boutique Melbourne agency that finds, styles and manages Airbnb and short-term rental investment properties.
We would love to hear from you and have a chat about your property goals or strategies. If you have any questions please give us a call or email us.
Alan Gan
+61 (0) 421 128 602
alan@theagco.com.au
