Tower St Vaucluse, NSW 2030
Type of Property: Apartment
Reason for Purchase: Investment Property
Address: Tower St, Vaucluse NSW 2030
Gareth and Jen are both accountants with a hunger to build a property portfolio. They came to us with a few ideas as to how they could possibly acquire their next property and listed both strong capital growth as well as a 5% return as their priority. We had a fairly open brief as long as we could make money for them on the purchase as well as have some potential for future capital growth by either a renovation or a development potential. We found a property in Bronte that was at the top of their budget that exceeded all of their expectations and unfortunately we missed out on auction day as it didn’t make sense for us to go too high above our budget. We were still happy to have attempted to buy it and it was a great experience to lead onto the property we finally bought. Our purchase is a 3 bedroom unit with an oversized car space with two toilets, two balconies and a modern kitchen and bathroom. There is room to renovate by taking out the wall that divided the kitchen and lounge room, repainting as well as laying new floors all of which will add capital value as well as increase the yield. Located in the elite suburb of Vaucluse a few short minutes away from the parks and the water, as well as local coffee shops and a short drive to the shopping centre. This a rock solid investment that will be one of the key properties in their portfolio for years to come.
“Walter Nanni and Angie Moujalli were right on the money from the moment we met. They listened to my brief and then strove to find the best possible value out there within my parameters. It was not only the value of having Walt acting for me that was important, but also the valuable advice on property investing which he passed on to me during the process.”