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The Grand is a place of excellent opportunity for the sub $1m market

Many buyers come to our office looking for 1br 1bath 1car under a million dollars.  Unfortunately its not something we can offer frequently as a 1br with a car space is selling between $1,100,000 to $1,750,000 in our area in the Northern CBD.

However there is one building know as The Grand 187 Kent Street where only just last year several properties under $1,000,000 that are spacious (60 to 80m2) apartments with balconies and luxurious 5 start building facilities and 24 hour concierge.

How long will this sub $1,000,000 last? Worth noting for investors we lease these out generally for $700 to $850pw.  Levies are high but the purchase value sub $1m certainly makes up for that and as for the Levies they are set to a point so the building can be upgraded and improved which will have an inflationary effect on capital values.

In short if you are looking for good value under $1,000,000 for a 1br 1bath look no further than 187 Kent Street The Grand.

We are always speaking to owners, if you have an interest let us know and we may do something off market.

Come in an speak to myself or Travis any day.  Alternatively contact us on Tim@vanguarde.com.au 0411 73 11 33 or Travis@vanguarde.com.au 0414 347 713.

 

 

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