Great Rental Result For "The Block" Purchase

Michelle Valentic - Wednesday, November 02, 2011
Our Property Management team achieved a great result for our landlord that purchased Polly and Waz’s property on “The Block” for only $855,000. We achieved a rental of $995 per week fully furnished, much higher than the estimate of $700 per week from local Richmond agents. With around $40,000 in the building, chattel and furniture depreciation, our client will achieve a whopping 9.2% return. We are delighted that we are the first to lease out “The Block” as our proactive approach saw us advertising the property and conducting inspections before any other agents.
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