Simone Homes is a quality local builder that is involved in the Oran Park residential expansion. As part of this, they are building a new display property and wish to offer this exclusively to one of our investors.
Simone Homes wish to sell their new display property. Once built, they will lease the property from the purchasing investor for a 2 to 3 year period while they run their 'house & land' sales business from this display property.
For the investor, this means a guaranteed rent return at commercial rates. Other important points:
1. Wholesale purchase price.
2. No homeowner buyer competition - investors only.
3. Brand new construction with full depreciation benefits.
4. Legitimate above market rent return, given the proposed tenancy is of a commercial nature.
5. No normal tenant wear and tear.
The approved property includes two dwellings (as illustrated in the following pages) that will be constructed on one land title that includes a family residence and a detached garden home. In the domestic rental market this property will attract two rental incomes, which is one of the greatest benefits of this type of investment property. However, in most cases, an investor who banks two tenancy incomes would be paying two sets of council rates while also being annually assessed for land tax against the two property titles. This property is different - it includes the potential for two incomes on one property title, and it will only incur one set of council rates and one land tax assessment.
An opportunity like this one doesn't come along very often - buying at a wholesale price and then reaping the rewards of a commercial rent return for a residential property, along with the full benefits of depreciation and negative gearing - this is an investor's dream come true!
Please call me on 4628 7444 or email firstname.lastname@example.org to discuss this opportunity.
|Land Size||557 sqm|
|Property Type||Land, House|