We have EXCLUSIVE ACCESS WITH FIRST RIGHT TO PURCHASE up to 12 blocks of apartments per year. These blocks are either on one title and are un-renovated, or strata titled and un-renovated or fully renovated.
Buying blocks of apartments is a very tightly held market and many of these blocks are sold off market so having VIP Portfolio working for you gives you the best opportunity to source these apartment blocks without going to auction and competing with literally hundreds of buyers.
Project: Block of 6 x 2 bedroom apartments.
Development: We sourced and purchased the property, strata titled the units, fully renovated the apartments inside and out and courtyards to the ground floors apartments.
Time: 6 months from purchase to completion.
Capital Gain: $950,000 with 61% increased rental return
Development: Existing Block of 8 two bedroom units, garages, balconies and already strata titled.
Purchased: May 2010 for a client.
Works: Exterior paint and landscaping, Interior updated kitchen, paint and re carpet throughout the apartments.
Development: We located, strata titled, vacated, fully renovated the interior and exterior of this existing block of 6 x two bedroom units and 3 one bedroom units that included parking. They also had external balconies, and internal laundries.
Time: 8 months from time of purchase up until settlement which included a full renovation and strata titling the units.
Profit: $370,000 NETT for our Client.
Project: Existing block of 13 studios and 5 one bedroom units in need of major renovations
Development: We fully renovated all units internally and externally within a 10 week period
Nett Profit: $1,300,000
Rental Return: Increase of 61% if the client had kept them.
Project: Existing block of 9 one-bedroom units & 2 retail shops, not strata titled in need of total upgrade.
Development: Strata Title into 11 lots through Waverly Council, organise Construction Certificate, Remove Existing Tenants, Provide Scope of Works, renovation inside and out.
Project: Existing Block of 4 large two bedroom units, not strata titled, parking and vacant for the past 6 years.
Development: Organise strata title through Randwick Council, Construction Certificate, Scope of Works, Costings, Renovations, Interior Decorating, marketing and organised the sale.
Purchase Price: $1,450,000
Selling Price on Completion: $2,340,000
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