Devonport TAS 7310
Expressions of Interest
INVESTMENT OPPORTUNITY
EXPRESSIONS OF INTEREST are invited to become part of this exciting and unique housing development.Situated just 10 minutes from Devonport, the developer is looking for astute investors to be part of a unique project providing affordable housing in the community with a GUARANTEED INVESTMENT RETURN FOR 10 YEARS.
Background:
The developer is undertaking a series of transactions nationally as part of a strategy to build affordable housing for regional Australian communities.
Dwelling Description:
• Steel frame
• Exo-cladding
• Double glazed windows and entry doors
• Insulated walls and ceiling
• 3-bedrooms
• 1-bathroom
• Open plan living
• 99 Year land lease
What is Offered:
The proposal incorporates approximately 60 dwellings on site of which 50% would be sold to investors with an immediate lease back to the developer.
Price expectation per dwelling is $250,000 with payment terms on the following monthly instalment basis:
Instalment 1 – Initial Deposit on signing of purchase agreement - 25% - $62,500
Instalment 2 – 25% - $62,500
Instalment 3 – 25% - $62,500
Instalment 4 – Upon issue of Occupancy Certificate – 25% - $62,500
What is Returned:
Lease back to developer for 10 years with estimated annual rental yield of 8.77%
At the end of the 10 year term, an option to renew, potentially for another 10 years, or can be offered to the open rental market, sold or lived in by the purchaser.
Get in on the Ground Level:
Contact Andrea O’Neill of Elders Real Estate Ulverstone on 0439511602 for full details and to register your interest.
Features
General Features
- Property Type: Unit
Can I afford this property?
Whether you’re a first-time buyer, looking for your next home, or considering upgrading or downgrading, Elders Finance can unlock the doors to the right finance option for you and get you into the home of your dreams.
Calculators
Elders Real Estate Ulverstone