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Potential-plus with this huge allotment

first_imgThe home offered the potential to create a double holding incomeRochedale is undergoing a transformation.The suburb offers a mix of contemporary dwellings on new allotments, development sites and long-term holdings with the ability to subdivide in the future.The golden ticket is landing a property that will one day be a prime project, but can also create a current holding income to help service the debt.That’s exactly where 6 Gardner Rd, Rochedale slots into the mix.With multiple immediate and future possibilities, this 9182sq m property was always going to be a prized acquisition.The property sold at auction for $2.015 million and provides triple-income potential for its new owners, according to selling agent at Yong Real Estate, Nahi Shahwani.Mr Shahwani said the circa 2000 brick home was in great condition and provided six-bedroom, three-bathroom accommodation across two levels.It’s a big, functional home with potential to add a dual income.“They have the chance to take two families,” Mr Shahwani says.“Upstairs has three bedrooms — all of them are very big — two bathrooms and a massive lounge.”Mr Shahwani said the second area downstairs could effectively be self-contained.The rental options don’t end there, however, as there’s a 250sq m shed with workshop/storage and office.More from newsCrowd expected as mega estate goes under the hammer7 Aug 2020Hard work, resourcefulness and $17k bring old Ipswich home back to life20 Apr 2020“They have a massive shed and they’re currently running a business there,” Mr Shahwani said.Mr Shahwani said the auction was well attended with the property eventually purchased by a Chinese buyer who could see Rochedale’s potential for growth.“We had seven registered bidders. Four of them competed,” he said. “It started at $1 million but it got where the emotion of the buyers came up so it went very quickly climbing to arrive at around $2 million and then slowed.”Mr Shahwani said the eventual buyer had been active in the area and was willing to pay what was needed to acquire the right properties with potential.“They’re still looking for acreage and with an unlimited budget,” he said.Mr Shahwani said these properties were fairly rare so competition was hot and the recent auction had unearthed other cashed-up future developers too.“Not many properties come up around in that area,” he said.“In fact, since I’ve had that property I’ve had a lot of inquiry and we had several interested bidders … the others are still looking in the same area.“The market is very hot particularly — a very desirable area for Chinese buyers.”last_img read more

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Townhomes selling out in record time on the Sunshine Coast

first_imgMedium density living is in demand on the Sunshine Coast as Stockland fast-tracks the release of its latest townhomes.BUYER demand has forced the release of designer townhomes ahead of schedule on the Sunshine Coast.Stockland development manager Matt Patullo said Stockland’s first medium-density venture on the Sunshine Coast was shaping up to be an outstanding success with townhomes in the first two releases already sold out.“Due to the strong demand and following the sellout of Lux and Aquiv, we’ve now launched Essen ahead of schedule and 50 per cent of the project has already sold,” Mr Patullo said.“When you consider that this is now one of the last opportunities to buy a brand new home in Brightwater, it’s no wonder we’re seeing so much enthusiasm for the Mainwaring Collection townhomes.” More from newsMould, age, not enough to stop 17 bidders fighting for this home5 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor5 hours agoEssen in BrightwaterEssen’s is the third stage of Stockland’s Mainwaring Collection in its 1500 home masterplanned community at Brightwater.The townhomes start at $415,000 with two, three and four-bedroom homes on offer.Construction on Essen is on track, with the first residents expected to move in early in 2018. Mr Patullo said the project had appealed to first home buyers, as well as families and downsizers looking for an affordable, low-maintenance lifestyle with everything on their doorstep. “We are experiencing strong interest in the Essen release already, so I’d advise anyone looking to purchase a townhome in the Mainwaring Collection to register your interest now,” he said.Designed by nationally renowned architect John Mainwaring, the two-level townhomes have high ceilings, open plan living, quality inclusions and low-maintenance private courtyards.They also include a community swimming pool and alfresco area for residents.last_img read more

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