This 56m² two bedroom apartment presents a specialised investment opportunity for cash buyers prepared to look beyond the current remediation challenges and assess the potential upside.

The numbers have become particularly interesting following a recent revised scope of works with early estimated costs as much as 13x less than previously expected.

This new approach substantially reduces the expected cost of the works, creating a potential margin between today's discounted purchase price and the property's value once remediation is resolved.

The investment case:

Discounted entry: Current remediation concerns have restricted access to bank finance, limiting the buyer pool and creating an opportunity for cash purchasers to pick this up at a significant discount.

Income from day one: The apartment comes with a sitting tenant, providing immediate rental income while the remediation process progresses.

Potential cost reduction: The newly approved methodology will substantially improve the project's financial position. For a buyer entering at today's price, any realised reduction in remediation costs should translate into a stronger investment outcome.

Capital upside: Once the works are completed and the necessary certification and lending requirements are satisfied, the apartment will be free to sell into a much broader pool of buyers.

The proposition is straightforward: acquire at a discounted price, collect rental income while the project progresses, and position yourself to benefit from the subsequent value uplift once the work has been completed.

Get in touch today for the details

Note: The chattels in the photos may vary from what is being sold, please check the chattels list if this is important to you.