57 Northgate Drive, Thomastown VIC

Purchase Price

$16m

DAte

01/04/2016

Sold

-

Sale Date

-

opportunity

  • Purchased for $1.1k/m² vs market at $1.3k1.5k/m²
  • Under-rented: passing rent at $77/m² vs market at $79-90/m²
  • Total road frontage of 150m with multiple access point
  • Subdivision potential

value added

  • Working closely with the tenant to explore the possibilities of solar panel solutions and upgrade electrical services, increasing tenant’s stickiness
  • Under HOA at $24m (21% IRR)

Residential Investment

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Our team is equipped with a profound understanding of the real estate market. We see beyond the present, developing strategic plans to amplify their value for the future.
Our team is equipped with a profound understanding of the real estate market. We see beyond the present, developing strategic plans to amplify their value for the future.
Our team is equipped with a profound understanding of the real estate market. We see beyond the present, developing strategic plans to amplify their value for the future.

Other Investments

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