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Perth Investment Property - Jubilee St Beckenham

ONLY A COUPLE OF UNITS REMAINS

Estimated profit – $54,000 to $62,000 .

Rent return neutral or positive.

Return on initial investment approx 70%.

Eos and Bird Property Groups have identified a potential development site at 62-64 Jubilee St in Beckenham. The site has the desired zoning and will suit a low rise apartment complex. Property market conditions in this location are very strong and demand for medium priced units and rentals is high. Jubilee St has proximity to excellent transport routes, along with nearby shopping and employment opportunities, making this an excellent location.  An offer has been accepted on the land and feasibility indicates a very high return on initial investment of over 70%, with low “buy in” costs under $85,000 making this development opportunity ideal for someone seeking a Perth investment property, purchased below market value.

The recoded webinar below helps explain the Armchair process and talks in detail about the project.

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We will develop this site into thirteen, two bedroom, two bathroom apartments, each with one covered car space and four, one bedroom, one bathroom apartments each with one car space.  Completion should be within 20 to 22 months of land settlement.

Two Bedroom Apartments

Expected profit on completion: $ 64,000
Initial Outlay to Investors: $ 8o,000
Final “take out” loan: $227.000
Total Cost to Investor: $ 308,000
Estimated final value: $ 370,000

 

       

   

One Bedroom Apartments

Expected profit on completion: $ 55,000
Initial Outlay to Investors: $ 70,000
Final “take out” loan: $199,000
Total Cost to Investor: $ 270,000
Estimated final value: $ 325,000




Development profit: 20.22%
Return on initial investment: 77.65%
Yield (Rental): 6.9% to 8.1 %

 

 

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LOCATION

Whilst Beckenham is actually in the City of Gosnells the development sits within 3km of the centre of Cannington.  This is of considerable advantage given the new Cannington Master plan will have significant impact upon employment, accommodation, shopping and population growth over the coming years.

The plan outlines extensive development along Cecil Ave linking Carousel Shopping complex with the train station. According to a report in the West Australian Newspaper the project will “create one of Perth’s key activity centres, delivering 10,000 new dwellings and 24,000 residents. The new City centre will include 140,000sqm of new commercial and retail space that will be the place of employment for about 10,400 workers”.

Besides having access to the railway, Beckenham is surrounded by arterial links including Albany Hwy, Roe Hwy, Welshpool Rd and Leach Hwy.  This provides access to Perth city and the high employment hubs of Belmont, Cannington and Kewdale.  The area is also well serviced by hospitals, schools and extensive retail and commercial outlets.

We only have a 60 day option over the land so all interested investors are encouraged to contact us for the full project details as soon as possible.

 

REGISTRATION OF INTEREST

Please fill in the form below to register your interest in this Armchair Developer Project. We will contact you soon to discuss the details of the project.