From Empty Offices to $125K a Year: The Ultimate Property Pivot
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From Empty Offices to $125K a Year: The Ultimate Property Pivot
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What do you do when your commercial tenants vanish, and your upstairs office level sits empty for two years?
In this real-deal breakdown, Andrew Wright shares how he turned a tough situation into a cash-flowing win: converting a dead office floor into an 8-bedroom rooming house now generating $125K in net annual income, and delivering an estimated $1M+ uplift in property value.
He breaks down the full journey: the pivot, the mistakes, the blowouts, and how he funded it all, off the back of credit cards and grit.
In this episode:
- Why the building sat empty, and why Andrew bought it anyway
- The build costs, budget blowouts & planning curveballs
- How he turned $450K into a permanent $125K/year cash machine
- Rooming accommodation pros, cons & council gotchas
- Why this deal only worked because of one specific risk plan
“That $450K build paid itself off in 4 years. Now it just prints cash.”
🎧 Follow the show and join Andrew as he shares real deals, real numbers, and the real lessons no one talks about.
🔗 Connect with Andrew at andrewwrightproperty.com.au and join our Property Investors community