Vendor Asking Price: $6M
HS Purchase Price: $5.750M
Our client was a new developer in Sydney and wanted us to source a RAW off market development site with a good return. We found a fantastic site with a 28% return in a quiet location in Carlingford. One other buyer made an offer. Due to a great relationship with the agent, he said he would much prefer to deal with another agent in this deal as; we were able to secure this site $50,000 cheaper with a delayed 12-month settlement.