Massive land with massive potential
On a block this big not only will a granny flat fit but the option of a second detached home
development will also yield a great return (S.T.C.A). Current home is 3 bedrooms.
917sqm land with side access and a 15.85sqm frontage
Currently tenanted
Current home leased for $300p/w. Proposed Granny Flat’ potential rent of $330p/w.
TOTAL GROSS RENTAL YIELD = $630p/w

This property is for sale as part of The Big Backyard Sale
Date: Sunday 31st May
Time: 10.00am
Location: Granny Flat and Studio Showroom, 152 Russell Street, Emu Plains, NSW 2750
Registration: www.bigbackyardsale.com.au

Why we’re holding the Big Backyard Sale

We noticed at many of our recent sales that buyers, particularly investors, were getting very frustrated. They had the money but there was nothing to buy.Those of you who are familiar with what we do may recall the Boom Sale or the Unit Clearance Sale in recent times. The Boom Sale was designed to recognise a boom was coming (aren’t we geniuses?) while the Unit Clearance Sale identified the increased demand from investors for units within Penrith (which have gone up by 40% since our sale). We believe our job as agents is to identify markets that are, or will, perform above average in any given economic cycle. That market today is properties that will accommodate granny flats.
Investors today are looking for the best cash flow possible in areas that have exceptional capital growth prospects driven by large scale infrastructure projects that will ultimately create well-paying long term employment Sound like anywhere you can think of?

If you scroll through any suburb of Penrith LGA on realestate.com.au or Domain – or just drive down any street or main road you’ll struggle to find many properties for sale. Those that are will likely be sold the next day. We’ve never seen a market where the days on the market are in single figures and the prices are moving up, literally day to day! Buyers are frustrated. They simply have nothing to choose from until now!

Why you should buy at the Big Backyard Sale

We’ve done all of the hard work for you. Over the years dozens of buyers have assumed they could build a granny flat on any block over 450sqm, and in theory they were right. Unfortunately the theory and the reality can prove to be very different and often very costly.
Every property offered at our sale has been physically inspected by our expert granny flat specialists. A feasibility study of where it could be sited and what it might cost has been undertaken, at our expense, to help you work out the numbers and be fully informed.

We are offering 8 properties in various locations, price ranges and lot sizes.
Most weekends you might get to see 8 properties (if you’re lucky) and then you have to go through a messy negotiation process with no guarantee of success; even if you are prepared to pay more than the other buyers.
We can guarantee that if you have the highest offer above our reserve, we will be selling to you!

How do I secure one of the properties?
There are two options available to you:
1. Bid in person
Bid live on the day at our exciting venue! You can’t beat being able to look your competition in the eye and trying to psyche them out with a withering stare. Those on site will have the distinct advantage of gauging the interest from inside the room while getting a feel of the auction experience.

2. Bidding online
The whole auction will be webcast by one of our corporate partners, Bidsonline. Buyers can legally register to bid prior to the auction and make all of their bids online from the comfort of their lounge or office. You can watch the whole experience live and in real time, so even if you can’t physically make our sale you can still buy.

So what will it be, bid buy or watch?