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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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Men’s golf finishes in fourth

first_imgThe USC men’s golf team closed out its fall season Wednesday with a disappointing third round at the Gifford Collegiate Championship in San Martin, Calif.It’s in the hole · USC junior Steven Lim finished in 26th place at the Gifford Collegiate Championship in San Martin, Calif. Lim started off strong, shooting one-over-par 72 his first two rounds to move up to ninth place, but he finished with an eight-over-par 79 in difficult conditions on Wednesday. – Photo courtesy of USC Sports Information Despite finding success during their second round of play and putting themselves in a position to battle for the top spot, the Trojan’s third-round play dropped them from third place into fourth. The difficult tournament course, CordeValle Golf Club, and high winds in the first and third rounds worked against the Trojans.The team hit for a collective 39-over-par 1104 (378, 351, 375) to tie for fourth place. This score left them five strokes back from Northwestern, 17 strokes back from Stanford and 30 strokes back from the tournament champion UCLA. Also competing were Washington, Oregon, San Diego, Oklahoma, Arizona, Lamar, Long Beach State and Augusta State.The top individual golfer for the Trojans was sophomore Martin Trainer, who tied for a career-best seventh place. He was the team’s only top-10 finisher of the tournament. Trainer hit for a one-over-par 72 in the third round, giving him a final score of two-over-par 215 (73, 70, 72). Trainer played well, matching bogeys with birdies (three of each) until his final hole, which he bogeyed to go one stroke above par.Trainer said he was thrilled with his performance.“I’m very happy about my finish. I really needed some evidence that I was making steps in the right direction and I think this is it,” Trainer said.Next for the Trojans was freshman Ramsey Sahyoun, who finished in a tie for 18th place — also a career best. This was his second appearance for the Trojans. Sahyoun hit a one-over-par 72 in the third round, which left him at a seven-over-par 220 (79, 69, 72) on the tournament. In his final round, Sahyoun hit a double bogey, five bogeys and six birdies.Sophomore T.J Vogel finished third for the Trojans, posting a four-over-par 75 on the final day to finish in a tie for 20th place with a eight-over-par 221 on the tournament (75, 71, 75). Vogel hit a double bogey, four bogeys and two birdies Wednesday, a performance that dropped him from 13th place to 20th.Fourth for the Trojans was junior Steve Lim, who tied for 26th place. Lim finished with a 10-over-par 223 (72, 72, 79) following the first two rounds where he hit an impressive one-over-par 72. Lim had a disappointing eight-over-par 79 in the third to fall from ninth to 26th place. Lim hit a double bogey, nine bogeys and three birdies in his final round.Freshman Jeffrey Kang finished fifth for the team, with a 12-over-par 225 (79, 69, 77) that put him in a tie for 38th place. Despite a promising second round, Kang hit seven bogeys and just one birdie in his third round for a six-over-par 77.The final member of the Trojan squad was senior Bo DeHuff, who finished the tournament with a 24-over-par 237 (79, 78, 80) for 71st place. In his final round, DeHuff hit three double bogeys, five bogeys and two birdies for a nine-over-par 80.The tournament concluded the fall season for the USC men’s golf team. Despite a disappointing fall season, the team remains optimistic for the months to come.“We struggled a little bit. We still have a young team and we don’t have five guys who can consistently play well yet, but I think that will develop over the few months,” Trainer said. “I can guarantee that this team is going to be really strong by the end of the year when the national championships come around.”The Trojans’ next tournament is the Mauna Lani Invitational in Kohala Coast, Hawaii, which will begin Feb. 2.last_img read more

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