How to earn $ 170,000 a year without going to work: Ultra-rare real estate deal comes on the market with a huge windfall for the winning bidder
- Rare opportunity to buy much of a city block has hit the Brisbane market
- The sale consists of seven properties with approval for further developments
- All properties are rented out and generate a total of $ 170,000 in rent per year
Potential real estate investors in Queensland have offered a unique opportunity for real estate that earns someone $ 170,000 a year without raising a finger.
A rare multi-property sale is listed on realestate.com.au, offers almost a full city block of rental properties in one-package sales in Brisbane.
There are a total of seven objects, including units, townhouses and weatherboard houses.
A rare multi-property sale offers almost a full city block of rental properties in a one-package sale in Brisbane that would generate $ 170,000 in rent annually
There are a total of seven properties on offer, including units, townhouses and weatherboard houses
The package also offers opportunities for future real estate development on the site, close to the heart of the CBD.
& # 39; The site can be transformed into one modern unit complex, or perhaps 2-3 complexes built over a longer period to minimize market exposure for a longer period, & # 39; read the offer.
The entire site contains space for 145 parking spaces and can also process 90 to 100 units that are being developed.
& # 39; As the fronts of the site are a whole block on Sandgate Rd, entry and exit points may be off the side street points & # 39 ;, was the list.
Up to 30 mansions, popular in Queensland, can also be developed on site and then presented to the market.
& # 39; Depending on the design and configuration, this may also include terraced buildings with ownership rights, & # 39; was in the list.
The package also offers opportunities for future real estate development on the site, close to the heart of the CBD
Without development, the buyer would collect $ 170,000 in rent per year from the seven properties that currently have tenants
& # 39; Homes on some of the properties would make it possible to add additional noble mansions to the individual properties while preserving the current homes. & # 39;
The current owner has already received permission for demolition or relocation if a potential buyer wants to develop on the site.
Without development, the buyer would collect $ 170,000 in rent per year from the seven properties that currently have tenants.
Realestate.com.au chief economist Nerida Conisbee told news.com.au the real estate market in Brisbane, which largely escaped the recent downturn in real estate, now experienced a sharp rise.
The entire site contains space for 145 parking spaces and can process 90 to 100 units that are being developed
& # 39; It (Brisbane) has weathered the decline much better than Melbourne and Sydney, which was surprising in some ways given the development that took place in Brisbane, & # 39; she said.
& # 39; At a certain stage, the very high levels of development began to worry a great deal about vacant apartments and people taking out excessive loans.
& # 39; It appears that those risks have gone through rather quickly and that the market has become quite resilient. & # 39;
From May 2019, the average value of the Brisbane property was $ 484,882, a decrease of 0.5 percent.
In apartment values, however, the value has risen by 0.1 percent.
Brisbane apartment values remain at 12.5%, with the oversupply of the unit dampened by a growing population that is not matched by new residential developments.
From May 2019, the average value of the Brisbane property was $ 484,882, a decrease of 0.5 percent
. (TagsToTranslate) Dailymail (t) news (t) Brisbane