Bariston Avenue, Cremorne
Address: 4/3 Bariston Avenue, Cremorne NSW 2090
Type of property: Apartment
Reason for purchase: Investment
Client brief: Savy parents wanting to help their son to a great start on the Sydney property ladder.
Overview of the purchase: Our client wanted a great investment property that could also serve as a home in the future.
A brief like this in the hands of an inexperienced buyer can often go terribly wrong, and end up as a costly mistake. As the old saying goes - “you make money on property when you purchase it, not the other way around”.
We were able to educate our clients on what really makes a great investment, and then find him one off-market and with no competing buyers.
The property came with a fantastic tenant paying above market rent. The exchange was made simultaneously with a fresh 12 month lease – an ideal purchase for a young investor.