Gillian built this property, and sold it with Michael Knights of Horizon Property Alliance 12 month later.
Sold for $590,000 this property ticked every box, with long term capital gain and it’s renting for $840 per week.
The Dual Key property is still yielding 7.3% return for it’s second owner (it was returning 8.3% for Gillian).
- 2 extra-large self-contained dwellings, consisting of a 3-bedroom and 2-bedroom unit on one title.
- A 5-minute walk to train station, bus, schools, shopping villages
- Easy access to the major highway 20 minutes’ drive to the beautiful beach of Mooloolaba.
- Approx. 255m2 of living areas plus approx. another 100m2 of huge covered entertaining area overlooking a rainforest.
- Block size is 843m2 with a large enough yard for pets and kids. This investment has been custom built for an owner occupier who has over capitalised the final finish. The finish is an absolute buyers bonus.
- Finished with best features money can buy.
- Stone top benches,
- huge kitchens with 900mm up market appliances,
- 5-star top of the range complete turn key
Basically it was a brand new 12-month-old bargain, buying investment opportunity.
In Gillian’s Words
I was attracted to Michael Knights based on his friendly and approachable personality.
He was not pushy at all and I really liked his down to earth but very thorough understanding of the property market.
I was wanting to sell my big home on the water and decided to invest into a duplex investment. Michael was able to help explore what was required to build and help with the design, and sold my home with no fuss. He helped with the negotiation of the land and oversaw the diligence and made sure that the project was feasible.
I am currently under construction with a preferred builder and if all goes to plan, I should make approximately 40% = $200K return within 6 to 12 months. With some good advice from Michael and my advisory team, I hope to minimize my tax and continue re-investing into another project. Michael Knights has been extremely good to work with and look forward to the next investment adventure.