From time to time we have clients seeking ethical property investment.
It is not always easy to couple these with high rental return in a growing location, and an opportunity like the one below is extremely rare.
One of the problems has been the fear of tenant misbehaviour and payment of rent on time.
This always depends upon the experience and competency of the property manager. In this instance there is a head lessee, a national not for profit organization with extensive experience in leasing and managing sustainable and suitable housing for those who are less fortunate financially or perhaps, disabled. The lessee will take a 5 year lease with an option for further 5 years. The tenants will be carefully screened for need and suitability.
This investment not only provides a lessee responsible for tenant management, but also paying a rental with a gross yield of 6.77% – a figure not sustainable with ordinary leasing of residential property.
Another distinguishing feature of this investment is the design and quality of the build – something we would appreciate in quality owner/occupier dwellings.
This type of housing/leasing is growing and becoming a must in both short, and long term, planning for social housing.
The location is at Yarrabilba which is planned by the state government to become a major city with more than 50000 residents over the next 20 years. The developer, Lend Lease, has done a great job in providing excellent land management together with schools, shopping and all of the services any tenants will require. Yarrabilba is also providing above average capital growth for investors.
Our congratulations to Australasian Developments, the designers and builders of these excellent dwellings. Built to resist tenant damage, storms, fire, pests, mould and rot. The construction and design provide sustainable long term benefits to both owner and occupiers.
Thanks for offering them through us for our clients
To obtain further information, visit the site, meet the designer/principal of Australasian Developments call us on 1300680323 or mobile 0404456428.
Don Duncan F.A.I.M.