Tomas is an international/foreign investor who required a new property in a strategic location that was unique, with a strong rent return and that would allow FIRB approval. His preference was an off plan purchase rather than something completed or near completion.
We identified a boutique development of multimillion dollar apartments with extremely low body corporate fees. These apartments had a unique 3 bedroom, 2 living area design ideal for families over 2 levels.
The building consists of just 36 residences from a trusted developer, built for owner occupiers, with many apartments around the 3 million dollar mark. Tomas secured the apartment with one the best rates per square metre in the building.
The property is a stroll to entertainment, shopping and amenities and walking distance to the best of Brisbane, with just 250m to Brisbane State High Schol, in Brisbane's most sought-after high school catchment.
Tomas was able to benefit from getting extra included additions such as integrated fridge, wine fridge, blinds, built in BBQ, cabinetry and a number of other extras to ensure the property was delivered just as the display.
Tomas was also able to get removed several generally non-negotiable clauses, in particular those where if the property rises in value (as the market expects), that Tomas' contract potentially can be cancelled by the developer. This was to the astonishment of the Buyers lawyer - that these clauses could be removed - and provides Tomas with all the benefit of a rising values whilst removing some of the off the plan risks. This is rarely if ever seen when buying off the plan in Queensland.
With a unique, strategic asset and protection for any capital growth upside during the off the plan construction period, Tomas is set for a quality outcome on the building's completion and his settlement.
