About the client:

A well-established cardiologist who has equity to invest in property. He is after risk minimization and making sure he is able to leverage the expertise of a property professional to grow his wealth while he continues doing interventional medicine.

• • Strategy: Development of 5 townhouses after demolishing the house and sell all.
    Option to keep the existing house and build 3 townhouses.
    Option to on-sell the site once DA is approved to the potential DA uplift.
  • Location: NSW- The South coast.
  • Land size: 1100m2- Rent the existing house while seeking development approvals.

Let’s talk numbers:

• • Purchase Price: $620K.
  • Weekly rental rent while awaiting approvals: $475
  • DA in council to build 5 townhouses: Best and maximum use of the site.