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%
3 Darren Ct, Glenwood NSW 2768, Australia
+61 431 577 620
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