ATTENTION DEVELOPERS, SHORT TERM INVESTORS!

It is always nice to meet amazing people while working; Allen, the owner of this property, is a horse man, and was involved in many famous horse stages like for the movie “the man from snowy river”, the Horse show of the Sydney Olympics Opening ceremony etc.

This property is perfectly flat, and was used for the training of horses, and dried, never got flooded. Development is under 150m away, very close for connection to sewer and town water.

Though the zoning is still under “rural residential”, we strongly believe that the Council will allow subdivision of this section of Buccan very soon. With the proximity of the connection to services plus the upgrade of Dairy Creek Road (under 150m), this property will be a beautiful small sub-division project.

In comparison of many blocks of similar sizes being subdivided, lets consider we will get 35 blocks of 400m, price presently for 400m block is roughly $320,000+GST, that gives a total turnover of $11,200,000+GST. So if this property was already zoned as emerging community or just residential, it would have been sold for not less than $3m.

A little calculation in regards of potential subdivision: 20,300m2 less 20% infrastructure cost = 16,240m2 useable land for subdivision, so in 16,240m2 we can have 40 blocks of 400m2 each. So 35 blocks as described above is very conservative for this study.

For more information, please do not hesitate to contact us: Reg on 0412 976 122 or Merinda Kim on 0437 643 181.