Client Profile
- Location: Bondi, Sydney
- Buyer Type: Seasoned investor
- Goal: Purchase a lock-and-leave apartment within 100m of Bondi Beach, offering strong rental yield and minimal maintenance
Situation
Our client, an experienced investor with an extensive property portfolio, sought a high-yield, low-maintenance property close to Bondi Beach. Key requirements included:
- Immediate rental income in a prime location with beachside appeal
- A fully renovated, lock-and-leave apartment requiring minimal upkeep
- A rental yield aligned with his portfolio goals, targeting a specific return to complement his existing investments
Challenges
The search for a high-yield property in Bondi presented unique challenges:
- Limited Stock in Desired Price Range
- Competitive Price Point and Specific Yield Requirements
- High Competition at Auction
Our Approach
To meet the client’s needs, we focused on auction bidding strategy, thorough due diligence, and post-auction negotiation.
- Targeted Search and Due Diligence
- Expert Auction Bidding Strategy
- Post-Auction Negotiation Below Reserve
Outcome: Securing a Prime Bondi Apartment Below Reserve with Strong Rental Yield
Within a short search, we successfully secured a two-bedroom Art Deco apartment in Bondi, achieving a high rental yield and low-maintenance appeal. Our post-auction negotiation allowed the client to acquire the property below the reserve, maximizing value and enhancing his property portfolio.
