Townhouse for sale

Townhouse in Port Macquarie, NSW

5 5 2
$1,750,000

Development Opportunity 5 Water front Townhouses in Port Macquarie

TO ENQUIRE ON THIS PROPERTY, PLEASE CLICK ON THE 'EMAIL AGENT' BUTTON ABOVE

A 5 Townhouse development on the Waterfront canals of Port Macquarie NSW. The Fastest growing town in NSW. A $ 5 M end development sale price. Land & DA just $ 1.75 M. A land cost of only $ 350,000 per Town house. Each Town House Sale price is $ 995,000. Est. Site works $50K, Est. Construction $ 350K each, Est. Profit $ 245K each. Optimal Max return potential = $ 1.2M + for site.

This is a large parcel of waterfront land (2,000m2) with a current DA approval for 5 Townhouses. Each have a major 2 storey Atrium in the middle of each Town House providing abundant light and openness. Plus an Easterly waterfront aspect and 24 hour access to a beautiful Waterfront Canal. Two small dwellings require demolishing and simply rebuild the 5 Brand new Townhouses.

3 x 4brm T/H with double garages, 2 x 4 brm T/H with 3 car Garages. One Boat shed and Jetty all constructed improving selling opportunity for all T/Houses.

Estimated profit in total is est. to be well over $ 900,000 net. Each Town House market price is around $ 995,000+. A total sell of $ 5 M. Land cost is $ 350K . This is your opportunity to start a small scale development and the current Owner is open to various purchase options. Similar other T/H / Duplex properties are selling for $ 1.2m each.

Two Townhouses can have NO taxation costs as its a Principle place of residence making this a very profitable development to every developer/builder. This option is a joint development/construction option with a share of Development profits. Only very experienced "fast" developers/builders have this option.

Please contact owner and allow me to provide more information to assist your understanding of this major profit opportunity and development.


TO ENQUIRE ON THIS PROPERTY, PLEASE CLICK ON THE 'EMAIL AGENT' BUTTON ABOVE


Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers or tenants should make their own enquiries to verify the information contained herein.
Last updated: 01:21PM on May 16th 2017
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