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