Located in the growing Sunshine Coast suburb of Mount Coolum, this investment property was purchased Home Scouts for…
This large, two storey family home on 400m2 on the Brisbane CBD fringe was purchased by buyers agent Home Scouts.
Located within walking distance to the CBD, Brisbane Girls’ Grammar and Brisbane Boys’ Grammar, it appealed to owner occupiers, investors and tenants alike.
Bradley Street, Spring Hill
- This purchase was undertaken by a strategic purchase and sale between the buyer and seller
- The buyer had a land holding in another inner city area (with significant development potential) which the seller was seeking as part of building their land portfolio
- We negotiated a house ‘swap’ involving the simultaneous sale and purchase between the same buyer and seller
- The value of this Spring Hill property was, at face value, higher than the value of the other property but we negotiated a simple swap without any additional funds required
Additional value: Project managed the town planning applications and subsequent subdivision of this Spring Hill property in to two lots and sale of the subdivided land parcel (162m2).
“This was a very unique situation involving a difficult seller. The Home Scouts team managed this negotiation, over a period of months to achieve a successful outcome that benefited the buyer. A few years later, Bronwen and the team team then project managed the subsequent subdivision of this property to extract additional value. This subdivision meant that the original house could continue to be rented out with minimal changes, but a capital return could be achieved from the land sale. The Home Scouts team did a great job and we will continue to use them for our next purchase.”
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