Located in the heart of Wagga Wagga just 10 mins north of CBD. Wagga Wagga is the economic hub and regional centre of NSW. Wagga has approx. 65,000 residents, with a total regional catchment of 190,000 persons.
Property location is:
- 10 mins drive to major shopping centre Sturt Mall
- 10 mins to Wagga Beach on the banks of the Murrumbidgee River
- Midpoint between Sydney and Melbourne = cost affective connectivity
- Lower living and business operating costs = highly competitive financial environment
- 4 mins drive to Charles Sturt University
Growth?
- Capital growth 6.3%
- Future Public Infrastructure Investment over next 10 years $1.3 Billion
- Future Private Investment over next 10 years $77Million
- Population expected to grow by more than 19% by the year 2036
Lifestyle:
- 2 Tertiary facilities
- 3 High Schools
- 23 Primary schools
- 34 Pre-schools
- 9 shopping districts
- 110 parks
This Opportunity: Two units on one lot – one title
ADDRESS: Lot 711 – 150 Bradman, Boorooma estate, Boorooma – Wagga Wagga
Land: 676m2 Land Price: $148,000 Registered
Dual: total of 4 beds, 2 baths, 2 living, 2 cars
Total size of dual: 179.4m2 Build Cost: $307,000
Unit 1: 2 beds, 1 baths, 1 living, 1 car – size 89.7m2
Unit 2: 2 beds, 1 bath, 1 living, 1 car – 89.7m2
Inclusions:
Please refer to full inclusions list in this listing OR request this be supplied to you –
- Water, electricity, phone, sewer, gas connections
- Face brick veneer
- Two RV cycle air cons
- Security screens on all external doors
Rental Estimate: Unique product offering in the rental market
Per week total income – see letter provided by local agent – see attached $700 per week total (two units x $350 each per week) Gross Yield 8.2%
Vacancy Rate: for this suburb 2.4%
TO PURCHASE:
Two contract purchase – only pay Stamp Duty on Land price! Land Contract + Building Contract direct with builder
Expression Of Interest on specific form which we will provide
Initial holding deposit payable at signing the Expression of Interest of $1000
Finance Approval: within 21 days of contract date
Land settlement: 14 days from finance approval
Building timeframe: 16 weeks + Council Approval 4 weeks (approximate)
Progressive Construction Loan: 6 stage claims
Full Information supplied to Lender
Please request full information brochures and additional supporting information on growth, rental and inclusions.
TOTAL PACKAGE PRICE: $455,000
Kaye Tilley 0418 823 046