35 Herrick Street Mount Gravatt

35 Herrick Street Mount Gravatt

Knock down and Rebuild - Purchase Price: $950,000 with a market value of around $1,150,000 at the time of purchase

  • 950000

  • 650

  • 4 BED 2 BATH 2 CAR

Example of an IMPOSSIBLE to replicate Deal

when a client of ours made 200k instantly simply from buying a property

Knock down and rebuild with city views

This opportunity only came to my team, we knew we had to close on this fast before it went to the main stream site. We moved fast with out clients and closed this to take a massive 200k upfront profit upon the purchase

IMount Gravatt QLD

  • Off market – October 2021
  • Price $950,000
  • Rents at $950PW
  • Comparable sale at the time of 1.15M
  • Current value today – 1.5M
  • Use – build two houses with city views
  • 10km to Brisbane CBD
  • Exit gross profit of 1M -1.2M in 12 months

Story Behind The Deal An off-market sale due to a divorce situation and the owner didn’t want to bring attention to the divorce by going to market.As a deal today, you could demolish the house and subdivide the block, build 2 houses with views and sell them at auction.Roughly a total cost of 2.2M and a current sell out at 3.1M. Our client intends to wait 2-4 years before doing the project, we will project manage this once the time comes.Fact – Without us this deal would not be impossible to find, execute on and close.

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