Location: Ballina is located in the Northern Rivers on the NSW far north coast. Ballina’s success is attributed to its relaxed lifestyle attributed to its abundant natural, historic and cultural wonders, its sub tropical climate and its spectacular natural environment.
Industry and commercial in the area is: retail, health, community services, and diverse agriculture
Capital growth has been very strong over the past 12 months = 4.6% (compare with NSW average of 0.6%!)
Average rental yield is 4.6% (April 2019) and low vacancy rate of 1.5% (April 2019)
Ballina is recognised by the NSW Gov’t as a major regional centre and they are spending $4.9Billion dollars in Public Investment in this area.
Ballina is a high growth location and sound area for investment.

The Property details:
Land: Lot 115 – size 828m2 Land Price: $310,000
Registration is estimated to be August 2019
Dual Occupancy: total of 6 beds, 3 baths and 2 cars
Main dwelling: total size 234.5m2 – 4 beds, 2 baths, 1 car + 2 living
Secondary: – size 87.5m2 – 2 beds, 1 bath and 1 car
Rental Estimate: high yield of 6.85% based on total rental of $850 to $900 per week
Low vacancy rate in this area of 1.5%

To Purchase: Two contract purchase – LAND AND BUILD
EXPRESSION OF INTEREST: Holding deposit required of $1000 on signing the EOI
Within 7 days contracts will be issued to buyer for signing and return
Finance period: 21 days from contract date
Land settlement: 14 days from date of title registration or if registered 14 days from finance approval
Build: Loan needs to be progressive contraction drawdown loan
Timeframe: from time land is registered and purchased -
4 weeks for construction approval from local council
14-16 weeks building period to completion and hand over

FIXED PRICE CONTRACT
FULL TURN KEY AND TENANT READY

FOR SALE: $680,000

Kaye Tilley
0418 823 046