Dreaming of acreage that you think you can’t afford? Or are you someone looking to buy something with your Super? Are you a Horticulturalist? Maybe you are just looking for a deal? If you are any of the above, then grab a pen and paper and jot these numbers down because this an opportunity you might never see the like of again.
This level and mainly cleared 5 acre property is on the sought after acreage road. It is returning a ridiculous $1,177 per week, which equals a mammoth $61,204 per year which, could service an interest only loan of $1.154M but it won’t cost you near as much to buy this gem.
This property will show you a gross return of approximately 6.3% per annum and this based on the unlikely event you borrow 100% of the purchase price. With interest only loans being advertised for 5.3%, and with predicted better deals to come, these figures are sure to get your attention.
But wait there’s more – $30,000 of this total annual rent will increase by 4% per year, every year for the next 15 years.
There’s more – another $15,600 of the total rent is well under market rent and should comfortably be increased to $19,240 over the next 6 months.
So within 6 months the property should be returning $66,040 which is close to a 7% return, based on a 100% lend, with the rent contracted to increase every year for the next 15.
There’s even more – there is also a beautiful, cleared, secluded building envelope to build a granny flat, second home or even your dream home, and with the area zoning approved for dual occupancy there should be no issues with council.
An amazing property offering that is truly unique that everyone can afford. Call Richard on 0409551803 for more details.
(all figures are not calculated to the exact cent but are very close approximates and averages)