Mudgee located on the edge of the Sydney Basin has a current population of over 10,000 persons. This area boasts many industries including tourism, viticulture and agriculture, mining. Mudgee is well established and caters well for family life. It has a great variety of shopping choices, plus many schools both public and private colleges. It also has its own TAFE college. Mudgee has its own airport with many flights operating to and from Sydney daily. Transport also includes a good rail service as well as local and interstate bus and coach services. Mudgee has a General Hospital catering for all medical services except specialist surgery proceduresThe region has currently four gold mines with the fifth under construction. The population is expected to grow 25% in the next 5 years.
Our Opportunity:
Duplex: Large and with quality inclusions, includes:
Side 1: 3 beds, 2 baths, 2 toilets, 1 cars
Side 2: 3 beds, 2 baths, 2toilets, 1 cars
Total size: 307.93m2 Build Cost $442,000
Land: Lot 22 Nurrowin Estate, Mudgee – size 850.5m2 $139,000 Registered
Fixed Contract Price: H and L $581,500
Inclusions:
Brick home, Colourbond roof, Energy Efficient Report, Split system A/C to living, security screens to all external doors, flyscreens to all windows, winow dressings throughout, fully turfed and landscaped, fully fenced, stone benchtops to kitchen, plus more…….
HUGE OPPORTUNITY FOR EQUITY: Estimated Sales price is $350,000 to $375,000 each = TOTAL OF $700,000 TO $750,000.
THIS DUPLEX IS BASICALLY LIKE DOING A SMALL DEVELOPMENT BUT WITHOUT THE RISK OR WORK INVOLVED. YOU ARE ABLE TO INDIVIDUALLY TITLE EACH SIDE THE COST TO DO THIS IS $15,000 ADDITIONAL FOR STRATA TITLE AND NEEDS TO BE PAID AT SETTLEMENT.
SO YOU BUY ONE PROPERTY FOR $581,500, BUT END UP WITH TWO. ( PLEASE NOTE THAT ALL FEES PAYABLE TO COUNCIL FOR DUPLEX HAVE BEEN INCLUDED IN THE BUILD COST, HOWEVER, THE STRATA TITLE FEES OF AN ADDITIONAL $15,000 HAVE NOT BEEN INCLUDED. THE BUYER WOULD NEED TO PAY FOR THIS AT SETTLEMENT.

TO PURCHASE: $1000 INITIAL DEPOSIT – TWO CONTRACT PURCHASE.

FOR SALE: $581,500