42 Nash Street, SORELL
EOI closing17/11/2017 unless sold before
POSSIBLE $800,000 RETURN ON A $1.6 m INVESTMENT?
Sound too good to be true? What if it could be increased by a further 25%?
HOW? It's highly probable that this prime 20 site subdivision could return just that for you and we would be happy to work with you from beginning to end to help you achieve this. But let's look at what's on offer and the numbers first:-
This 1.85 ha subdivision is fully approved and partly completed. It is in walking distance of the school with all the amenities of the township of Sorell close by - and is only being sold for personal reasons.
The land slopes gently to the west and all future dwellings can be built on concrete slabs. Several blocks have water views of Orielton Lagoon and some are large enough for stratum title town houses.
Initial roadworks have been started plus storm water drainage and reticulated water trenching and piping done.
Estimates to complete the works including a TasNetworks payment of around $80,000 are between $350,000 to $450,000.
The local market dictates - and we're confident that the selling price of each lot would be around $120,000 - a total return of $2.4 million
So, for an initial investment of say $1.2 million, plus the +/-$400,000 for costs to complete, that would leave a net $800,000 profit!
What about an extra 25%? Various local builders have estimated an average construction price of around $1,650 per square metre and in this top location, the selling price achieved should be around $400,000 plus - a total return of $4.0 million. Or if you are a builder, you can build them yourself.
As the saying goes, one person's loss is another person's gain and that will certainly be the case here. So, this could could be a great project to get your teeth into and the investment of a lifetime for you. It's a wonderful opportunity for a mid-size building company to generate House-Land packages or for a SMSF to make an astute investment.
Please call Paul Turner on 0418 962 300 for plans and details.
Other features: Close to Schools,Close to Shops,Close to Transport
Location maps are provided by Google Maps. Elders accepts no responsibility for the accuracy, completeness or timeliness of the information displayed