Black Bear has a close working relationship with Justin Eslick and the team at Investigate Property. If you are looking for assistance purchasing a quality investment property or development site then we are happy to recommend Justin’s services. More information be found here: http://www.investigateproperty.com.au/.
Below is a list of properties purchased for clients of Investigate Property that Black Bear has been involved in:
| Address | Pic | Description | Strategy | Purchase Price | Client type | Anticipated outcome / development costs | Twist |
| Reinhold St, Chermside |  |
744m2 irregular shaped LMR in quiet, convenient location | Remove house and build 6 townhouses | $630,000 | Small developer | Client currently pursuing application for townhouses | Backs onto parkland to allow for reduced rear setbacks. |
| Maygar St, Windsor |  |
587m2 of LMR land with existing Queenslander and 2 street frontages. | Renovate existing house and build two high end freehold dwellings facing rear street. | $685,000 | Experienced investor | Project Complete | 2 street frontage with favourable contours. |
| Flemming Rd, Herston |  |
Huge 1,191m2 of LMR land in quiet street close to hospitals, universities and the CBD. | Retain existing house, but relocate and renovate, then build 6 high-end townhouses at the rear. | $1,150,000 | Experienced investor | Construction in Progress | Very rare to find such a large parcel of LMR in this location. |
| North St, Newmarket |  |
Approximately 540m2 of LMR land in a quiet street with existing Queenslander in great condition. | Combine with next door, retain both houses and build units, townhouses or freehold dwellings at the rear. | $710,000 | Experienced investor | Client currently exploring options with architect to extract maximum value from the site. | Amalgamation to extract additional yield from the sites. |
| North St, Newmarket |  |
Approximately 540m2 of LMR land in a quiet street with existing Queenslander in great condition. | Combine with next door, retain both houses and build units, townhouses or freehold dwellings at the rear. | $696,000 | Experienced investor | Client currently exploring options with architect to extract maximum value from the site. | |
| Little Barron St, Gordon Park |  |
Irregular shape 620m2 corner allotment of LMR land with existing Queenslander in very good condition. | Relocate the existing house sideways, renovate and build additional dwellings. | $660,000 | Small developer | Client currently exploring options with architect to extract maximum value from the site. | Very wide frontage provides greater design flexibility. |
| McLennan St, Albion |  |
Irregular shape 916m2 allotment of LMR2 with 2 street frontage and city views in an area undergoing rejuvenation. | Demolish existing structures and build 6 freehold dwellings. | $1,020,000 | Experienced developer | Client currently exploring options with architect to extract maximum value from the site. | 2 street frontage with city views. |
| Wilston Rd, Newmarket |  |
587m2 LMR2 site with a wide frontage and in close proximity to a train station. | Demolish existing house and build 4 freehold terrace houses. | $644,000 | First-time developer | Client currently exploring options with architect to extract maximum value from the site. | Very wide frontage provides greater design flexibility. |
| Franklin St, Nundah |  |
Flat 820m2 LMR2 site with park at the rear and wider than normal frontage. | Demolish existing house and build 5 large townhouses. | $720,000 | Experienced investor | Approved for 5 townhouses. Construction to commence shortly. | Park at the rear permits reduced rear setbacks and wider frontage means better design. |
| Musgrave Rd, Banyo |  |
Better than average house in better than average location, for less than average price. | Undertake slight modifications to the existing house to permit dual occupancy to massively increase rent. | $440,000 | Passive investor | Property now rented for the long term. | Potential to significantly increase rent for small outlay. |
| Flower St, Northgate |  |
810m2 of LMR2 land in quiet and convenient location with very liveable house. | Demolish existing house and build 5 townhouses. | $760,000 | Experienced developer | Approved for 5 townhouses. Construction to commence shortly. | Property advertised as a splitter when we knew it was suitable for townhouses. |
| Curwen Tce, Chermside |  |
Approximately 700m2 of High Density zoned land in very convenient location that is currently booming. | Pursue a DA for the maximum number of units possible and on-sell. | $830,000 | Experienced developer | Project complete | Received town planning advice that a lot more is achievable on the site than was readily apparent. |
| Olivia St, Northgate |  |
810m2 of LMR2 land with existing Queenslander that must be retained. | Renovate existing house and build 3 townhouses at the rear. | $686,000 | Experienced investor | Client currently pursuing application for 3 townhouses at the rear of the existing house. | House is ideally located on the site and does not have to be shifted to permit further development. |
| Bellevue Tce, Clayfield |  |
730m2 corner lot of LMR2 land in premium location with city views and a house that can be removed. | Either renovate the house and build additional freehold dwellings on the site or remove the house and build units. | $1,025,000 | Experienced developer | Client currently exploring options with their consultants to extract maximum value from the site. | Corner lot and very good price for the land size and location. |
| Castle St, Kedron |  |
534m2 corner LMR lot with existing house to renovate and retain. | Retain existing house and build two new freehold dwellings behind fronting side street. | $500,000 | Small developer | Site approved. | Corner lot. Existing dwelling can be retained without shifting. |
| Alice St, Kedron |  |
625m2 of LMR land scheduled to be re-zoned to MR. Agent and seller not aware of re-zoning. | Apply for DA to maximise the site under proposed new zoning. On-sell quickly for profit. | $450,000 | Experienced developer | Client got an approval for 9 units and on sold $885,000. | Re-zoning from LMR to MR. |
| Alice St, Kedron |  |
625m2 of LMR land scheduled to be re-zoned to MR. Agent and seller not aware of re-zoning. | Rent now, develop later. Site is suitable for 9 units. | $450,000 | Experienced developer | Client amalgamated with next door and sold for $950,000 (without a DA) | Re-zoning from LMR to MR. |
| Eildon St, Windsor |  |
Character Queenslander in original condition on 855m2 of CR land with fantastic city views. | Retain existing dwelling, renovate and build 3 upmarket townhouses at the rear with city views. | $680,000 | Small developer | Site approved | Sensational city views. |
| Ethel St, Chermside |  |
Renovated post-war home on 546m2 of LMR land with wide frontage scheduled to be re-zoned to MR. | Rent now, develop later. Since purchase, property re-zoned from LMR to MR. | $500,000 | Passive investor | Now zoned MR. Value significantly increased. | Re-zoning from LMR to MR. Wide frontage. |
| York St, Nundah |  |
814m2, 2 lots, LMR, lovely existing character house to be retained. | Retaining existing house, renovated and build units at the rear. | $615,000 | Small developer | Site approved. | High growth location. Existing dwelling retained without moving. Three levels possible for new dwellings. |
| Sears St, Lutwyche |  |
350m2 vacant LMR land. Advertised as a house site but suitable for a duplex. | Build two new 4 bed, 2 level, 3 bath, 2 car, freehold SUDs and retain for growth and rent. | $405,000 | First-time developer | Project complete | Getting more out of the site than others thought possible. |
| Western Ave, Chermside |  |
668m2 LMR land close to amenities being re-zoned to High Density. | Apply for DA under new zoning to maximise potential of the site. Develop and on-sell end product. | $560,000 | Experienced Developer | Client got a DA for 9 units and on-sold for $990,000. | Re-zoning from LMR to HR. |
| Farnell St, Chermside |  |
407m2 corner lot with rentable house. Being re-zoned from LMR to MR. | Rent now, developer later. Since purchase, property re-zoned from LMR to MR. | $485,000 | Passive Investor | Now zoned MR. Potential to on-sell for a profit or amalgamate with neighbouring properties. | Re-zoning from LMR to MR. Corner lot and square dimensions permit construction of up to 8 units on a small site. |
| Norman Tce, Enoggera |  |
Block of 4 purpose built 2 bedroom flats. Block achieving 7.5% yield from day 1. | Attend to minor maintenance items, then hold and rent for the long term. | $876,000 | Passive Investor | Hold for the long term. | High yield from day 1 with potential to increase further. |
| Chalk St, Lutwyche |  |
405m2 corner lot of HR land close to shopping centre and transport. | Retain existing house and build two additional freehold SUDs at the rear facing the side street. | $540,000 | First-time developer | Construction in progress. | Corner lot. HR zoning. Can retain existing dwelling without moving and add additional dwellings. |
| Laura St, Lutwyche |  |
521m2 of HR land close to shopping centre and transport with various options. | There are two options to be explored: retain the existing house and build townhouses at the rear or demolish and build 9 units. | $625,000 | Small Developer | Client currently pursuing options to maximise the site | 11 month settlement was negotiated (absolute gold in a rising market) |
| Kuran St, Chermside |  |
602m2 of MP2 zoned land with rentable house. | There are range of options: Either on-sell as is at market value; get a DA and on-sell or try to amalgamate with other sites. | $505,000 | Experienced Investor | Client immediately on-sold for $650,000. | Way under market value. |
| Bellevue Tce, Clayfield |  |
607m2 of LMR zoned land with no DCP in elevated position and premium location with city views. | Live in now and develop later. Property is suitable for 7-9 high end units. | $785,000 | PPoR with development potential | Site approved. | Higher density properties adjacent permits more intense development of the subject property. Spectacular city views. |
| North St, Newmarket |  |
607m2 of LMR zoned with quality Queenslander and potential to add additional dwellings. | Retaining existing house, renovated and build townhouses at the rear. | $730,000 | Small developer | Site approved | High growth location. Can retain existing dwelling without moving and add additional dwellings. |
| View St, Chermside |  |
Neat 3 bed, 1 bath post-war home on 400m2 corner lot with Medium Density zoning. | Retain the existing dwelling and build 2 new dwellings fronting the side street. | $525,000 | Small developer | Land banked for future development | Advantageous zoning, corner lot, existing house can be retain as part of the development without shifting. |
| Vernon St, Nundah |  |
Approximately 740m2 of flat, LMR zoned land in convenient location suitable for redevelopment | Demolish the existing dwelling and build 5/6 townhouses or 9 units. | $760,000 | Small developer. | Site approved | In demand location and all services, contours and dimensions are ideal for development |
| Hamley St, Wooloowin |  |
810m2 of LMR zoned land in a premium location with fantastic original Queenslander and room to build additional dwellings | Retain existing house; renovate and build townhouses at the rear. Also purchased next door. | $820,000 | Experienced investor | Site approved | High growth location. Can retain existing dwelling without moving and add additional dwellings |
| Hamley St, Wooloowin |  |
810m2 of LMR zoned land in a premium location with fantastic original Queenslander and room to build additional dwellings | Combine with the neighbouring site, renovate both existing houses and build units at the rear | $875,000 | Experienced investor | Site approved | High growth location and combining of neighbouring properties leverages outcome |
| Dukinfield St, Bowen Hills |  |
Just under 700m2 of CR zoned land in super convenient, elevated, inner city location | There are various development options including: retaining the existing house and building one more dwelling; demolishing and building townhouses; or demolishing and building units. | $815,000 | Experienced investor | Construction in progress. | City views, premium location, various development options |