Curwen Tce, Chermside
We are always on the look-out for opportunities to make a quick profit through opportunistic purchases of under-priced property; this project is a perfect example of this strategy in action. We were undertaking another project in the street when this property became available. A re-zoning had just occurred in the location which significantly increased the potential of the property; the asking price did not reflect the new potential. We purchased the property unconditionally and immediately packaged it with the adjoining property for sale with concept plans for a 40+ unit development. The property was quickly under contract and we exited the project inside seven months with a substantial profit.