Old warehouse building converted into apartments. Top 4 levels are brand new. Above average internal size approx. 300m2 of internal living space, the size of a house. The lift providing access to this apartment also provides private access to level 11 and 13. This apartment is suitable for down-sizers or families. At the mid price point of the advertised price range the rate per square metre is approx. $11,000 which seems slightly below market taking into consideration views and internal size. The building may carry high maintenance costs and it is important to check on this during due diligence stages. There is a lot of potential to add value via cosmetic renovation. I would recommend an inspection.
David has worked as a property Investment adviser, property consultant, buyer agent & valuer to private clients, financial planners, accountants, finance brokers and various government entities since 1999. He has been involved in more than $1b worth of transactions across Victoria, New South Wales, South Australia, Western Australia & Queensland.