234Property aims to acquire purchase 3 apartments in Blackbrick Two under a 5-year investment term. The 3 apartments will consist of 2 x short term studio apartments that will form part of the hotel and one x long term one bedroom apartment that will be rented out to a dedicated tenant.
The reason for this is to allow our investors to benefit from the profitability of the short term hotel apartments but also the stability of the long term apartment. Hotel apartments will only generate rental income when it is occupied and therefore has the potential to earn more than a long term apartment. In contrast, a long term apartment will have a dedicated tenant that will generate rental income consistently. 234Property has decided to offer our investors a mix of both type of apartments in order to achieve a higher return on their investment but also lower their overall risk.
The building is unique as it boasts lifestyle amenities that is unmatched in the area. For this reason and the fact that 234Property is purchasing these units at below market value, 234Property anticipates a significant amount of capital appreciation over the investment term. Rentals at Blackbrick Two is considered affordable when compared to other options in the area and with it's top lifestyle amenities, tenants will prefer this over other buildings in the area.
The apartments will be rented out upon completion and you will receive rental income in the form of dividends for a 5-year period. After which, a vote will be taken to determine if investors want to sell or continue with the investment for a longer time period.