Dual Income & Land Banking For Future Townhouse Development

Deals

About the client:

Experienced investor and developer looking for a townhouse development site they can hold for a while with a rental return as he completes a few projects. This is to make sure he does not lose money while waiting for due diligence, approvals, and funding.

    • Location: Newcastle, NSW
    • Land size: 2400m2
    • Strategy: Dual rental income on the existing 2 houses before demolition. Zoned R2 with the potential to build 8 townhouses.

Let’s talk numbers:

    • Asking Price: $1050Mil
    • Purchase price: $1010Mil
    • Client saved: $40K
    • Current rental combined: $900/week
    • Rental Return: 4.45%

Reach Us

3 Darren Ct, Glenwood NSW 2768, Australia

+61 431 577 620

Info@msisaproperty.com.au

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