Double or Nothing - 'As Is, Where Is'

Our clients have accepted an insurance settlement and issued us with clear instructions to sell these adjoining properties as one parcel, on an 'as is, where is' basis. Together the properties form a mouth-watering tract of 1,269m², zoned L3, allowing a multitude of options.

The bonus is the excellent cash flow in the two existing homes which, although being sold without insurance cover, remain entirely habitable. 519 Manchester St is currently rented for $430pw; 525 Manchester St is currently vacant but has previously been achieving weekly returns of $370pw. Proximity to the City and the Amenities of Edgeware Village further underpins the value and adds to the popularity of this re-emerging precinct.

We would describe this opportunity as one which will have huge rewards in the long run, and astute investors should recognise the rarity and potential of this opportunity & act accordingly.

But the time to act is now; with our owners having made their intent clear, we seek to meet the market not merely test it.