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Perth Investment Property - 33 Windsor St

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Looking for your first, or next, Perth investment property?

Our research has identified a highly suitable development site very close to Perth City in Windsor St.   The site is in a quiet street no more than 2 km from the CBD.  It has the required development zoning and is available for vacant possession.  Our feasibility has indicated significant opportunity for profitable development and the site will hold ten, two bedroom, two bathroom apartments with a single car space, along with two,  single bedroom apartments.   Both styles of apartment represent an estimated developers profit of over 20%.  The current market in residential real-estate is reflecting a strong demand for rental property in this area and the capital growth prospects are excellent.

Project overview

Two Bedroom Apartment

Initial deposit $138,500
Construction costs $426,000
Total outlay to investor $426,000
Expected final market value $525,000
Expected capital gain $99,000
Expected Rent return unfurnished $570/week
Expected rent furnished $755/week.

                                          

                    

   

 

One Bedroom Apartment

Initial deposit $114,000
Construction costs $236,000
Total outlay to investor $350,000
Expected final market value $430,000
Expected capital gain $80,000
Expected Rent return unfurnished $475/week

                                          

                                

           

Please note all these figures need to be confirmed and are only estimates at this stage.

The total cost to investors  includes interest on construction loan, stamp duty, borrowing fees,  commissions and architects fees etc.   Full details are available in the Information Memorandum (IM) for each project.

Investors need to be able to fund the initial deposit  from other sources however the final borrowing can be against the  property.  Estimates indicate that if all funds are borrowed, the property will be cash flow neutral if not slightly positive.

 

Tax:

All investors are responsible for seeking their own tax advice, but they need to be aware that selling the property may attract both capital gains tax and GST.

 

Action

The Information Memorandum (IM) containing valuations, plans and rent letters should be complete by mid December.  To register your interest in this development and obtain a copy of the IM please complete the Registration of Interest (ROI) by clicking HERE

For further information contact Eos Property Group on 1300 558 114 or

Chris on 0427 444 351

Derek on 0409 882 958