In­vestor eyes a great catch with Fish Lane off-the-plan apart­ment

The Courier-Mail - Property - - INFOCUS - Michelle Hele

ALL the things which at­tract Adam Cal­len­der and his fam­ily to spend their leisure time at South Bris­bane are the things he thinks will help him eas­ily find a ten­ant for his in­vest­ment unit in the sub­urb.

Mr Cal­len­der, who has re­cently moved with his fam­ily from Sydney to Bris­bane’s western sub­urbs, says they fre­quently spend time around South Bris­bane and South Bank.

As a re­sult he has kept an eye on res­i­den­tial developments in the area and de­cided to buy a one-bed­room apart­ment off the plan in the Fish Lane Apart­ments project.

The $30 mil­lion South Bris­bane project by GDL Group has al­ready chalked up sales for about 80 per cent of its apart­ments off the plan.

Mr Cal­len­der be­lieves the area has the right in­gre­di­ents for at­tract­ing ten­ants.

‘‘I spend time tak­ing our fam­ily down to South Bank and just think it’s a great area,’’ he says.

‘‘I did con­sider a cou­ple of oth­ers (developments). They were a lot larger, so the size and lo­ca­tion of this one ap­pealed to me. It is an area which is un­der­go­ing re­newal.’’

LEISURE HOOK: Adam Cal­len­der’s in­vest­ment unit is part of a nine-level de­vel­op­ment on a site be­tween Mel­bourne St and Fish Lane.

Pic­ture: Peter Bull

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