Spread over 12 medium density land allotments this development site has plans drawn ready to be submitted to council and all marketing material ready in place. An estimated gross realisation of $28 million without sale of management rights makes this a project for the astute company looking for the right site.

The concept is for 80 townhouses designed with the student in mind and offering everything they are looking for:

-Swimming Pool
-Basketball and Volley Ball Courts
-Gymnasium
-Recreation Room
-1km to the University
-3km to Lismore CBD

The townhouse plans are for 4 bedrooms with each having its own ensuite, study desk, internet & phone connections whilst the students share a common lounge, balcony and kitchen area.

With more than 14,000 students attending the Southern Cross University (of which Lismore is the principal campus) accommodation is in short supply and the Uni’s off campus accommodation service is always seeking new property for students to let.

With the finished product each bedroom can be let separately for minimum $150 per week and with an independent report showing minimum 5.85% net returns they will be attractive to the investor.

Call James Shugg on 0414 502 109 for a confidential chat or e-mail james@djstringer.com.au for your detailed information pack.