Go for Gold!
The buyer of this needs to have a little faith, as we’re proposing an end value that hasn’t been achieved in this location (unless
waterfront), however, we believe the money is there and achievable in part due to the land size (1000m2 approx), the city views, and the fact almost nothing brand new can be or has been created in the area due to the amount of character in the location. We are proposing a $4m end value. There’s a heap of sales of vastly inferior property in the high $2m to low $3m range as well as a recent $3.75m sale of an
inferior property, and a 2017 $3.75m sale of a larger house on slightly larger land, but inferior finishes and inferior views. In short,
there’s no $4m sales because nobody has produced the product yet! Our numbers are indicating close to 20% equity gain for a single
house build. It would also suit an owner occupier developer ready to develop their dream trophy home. This is a vacant land sale in a
premium location with access to amenities and quality city views. Let’s go for gold! Buyers at $1.55m should contact Justin on 0410511535.
Read More