Suited to the astute investor, medium scale builder, super fund or JV this project is ready to go with 12 (10 x 3 Bed, 2 x 2 Bed) of the 24 townhouses constructed, rented and generating $177,000 pa approx clearly establishing what the balance of the site can return once completed.

Traditionally projects and developments produce questions on returns, yields, costs, time frames etc. With the first part of this offer being in the form of completed and already rented townhouses many of those feasibility questions and uncertainties can be answered with real market evidence. Essentially a project of two stages comprising of 24 townhouses in total with 12 constructed, finished, occupied and fully rented at $285 pw on average. The balance of the project (12 townhouses), on a separate adjoining title, is approved and ready to start. This is simply the perfect development opportunity- develop and sell, develop and hold, or any number of options in between.

The 2,190m2 Stage 2 allotment is flat, wide, cleared with level access ready to commence construction. The property is being sold in One Line’ i.e. 12 townhouses plus the adjoining cleared and approved site. Full DA plans for the total project are available on request along with floor and basic building plans. This is a rare development opportunity. Consider the approach that best suits you. For further information contact PRD Project Marketing today.