Port Macquarie a picturesque and historic town is set to expand as a tourist destination , an educational hub and a retirement haven. Growth in this region is being boosted by a large increase in infrastructure spending including upgrade to the Pt Macquarie Hospital, establishment of Charles Sturt University Campus , and the huge amount to work re the upgrade of the Pacific Hwy. Current population is 76,000+ persons and the LGA forecast for population increase is set at an average of 1.3% which equals +28,000 increase before 2036.
A recent influx of contractors and workers has boosted the rental demand. Current vacancy rate is 0.6% – average has been under 2% over past two years.
Major projects:
Pt Macquarie Base Hospital – major upgrade $110 Million
Charles Sturt University Campus – $40,000 – opening 2016
Pacific Hwy Upgrade – $1.2 Billion
Brierley Hill estate is being constructed with registration estimated to be July 2017. Location is very good – just 3.5km to the main hospital and also very near to the new Charles Sturt University. This suburb has 10 primary schools and 1 secondary school.

THIS OPPORTUNITY: Lot 1001 Brierley Hill – Port Macquarie NSW 2444
Land: 580m2 $265,000 not negotiable Estimated registration: July 2017
Duplex – 6 beds, 3baths 2 cars
Dwelling 1: 4 beds, 2 baths, 1 car
Dwelling 2: 2 beds, 1 bath, 1 car
Total size: 242m2 Total Build Cost: $430,671 includes council and strata fees of $45,438
FIXED PRICE AND COSTS

FULLY APPROVED AS DUPLEX WITH ALL COUNCIL FEES AND CHARGES INCLUDED IN PRICE
PGH – Rob Tate homes
Rental Estimate: $770 to $810 per week Yield 6%

Inclusions – summary only: Brick veneer, Colour bond roof, stone benchtops to kitchen, stainless steel appliances including Under Bench Oven, Ceramic Cooktop and Ducted Range Hood (external), LED downlights, Ceiling fans, Split system air conditioners (Main: living and master, Plus Auxilliary unit living area only).
See full Inclusions brochure – or request for email copy.

IMMEDIATE EQUITY ON COMPLETION: SEE LOCAL AGENTS LETTER CONFIRMING ESTIMATED SALES PRICE FOR THIS DUPLEX IN THE CURRENT MARKET AT $750,000 TO $800 (BOTH SIDES INCLUDED) = immediate equity of $50,000 to $100,000.

If you have interest please call or email to request full information brochure which will confirm the summary of information in this ad.

To purchase: EOI with initial deposit of $1000 holding deposit.
Separate land and Build contracts.

FOR SALE $695,671