Bowen Street, New Farm, QLD

Bowen Street, New Farm, QLD

January 2023

NIKKI CARRODUS ASSOCIATE

Jordan Navybox and Nikki Caroudis purchased this 501 sqm apartment block in New Farm well below market value.

The purchase was made for a repeat client from Sydney who was looking to invest into Brisbane’s highly desirable New Farm market with the goal of embarking on their first property development project.

Due to the long built relationship between the client and Jordan, in just 24 hours after inspecting the site, a the deal was in the works.

Ease and efficiency in negotiating an excellent price for the client heavily relied on Jordan and Nikki’s existing relationship to the current owner and sales agent, making negotiations more transparent and streamlined.

Originally set to sell at $3,950,000, Jordan and Nikki’s negotiations provide their client excellent value at $3,400,000.

Future plans will involve building 8 spacious and luxurious 3-bed apartments, with approximately 2 on each floor.