Background
These clients were seeking a property that could supply equity up lift in the short term.
A block of land in a boutique development close to a major hospital, rail, university, and other key infrastructure was found.
The land was suitable for construction of a Duplex. This type of property would allow the two units to be Strata Titled after completion of construction, thus generating some capital up lift due to the two individual titles being created.
Outcomes
Rental yields were like single dwellings in the area, even though additional infrastructure costs were incurred by Council.
The reason this was achievable is due to the purchase price of the land which was only slightly higher than a single dwelling block although two individual units could be realized.
