WHY MARSDEN? –
SUBURB OF MARSDEN – One of the FASTEST EXPANDING AND STRONGEST GROWTH SUBURBS IN LOGAN in Queensland . Consistent long term growth, above average rental returns and low vacancy rates makes Marsden attractive to investors. Several schools both public and private, plus close to the university, medical and hospital facilities plus it is surrounded by an abundance of shopping options along with numerous employment hubs makes the Logan area and Marsden an “in demand” area for housing. Twelve month Capital Growth has been 7.60%, and with a Rental Yield of 6.17%. Situated around 28 kms to Brisbane GPO and very close to all major arterial road networks and rail access, Marsden offers every convenience for your everyday life.
The Opportunity:
This is an exceptional opportunity. The seller has bought this large lot and has application in council for the re subdivision into two lots – this lot is one of those lots and is located on the corner of Lynelle St and Pauline St, Marsden. Note the pics show the land as being approx. 450m2 to 500m2 (to be confirmed at time of subdivision approval by council) it is very level. However, this land registration is approx. 6 months away – but this is an exceptional opportunity to secure this package now and enjoy the capital growth in the meantime…… Imagine immediate equity at the time of settlement.
Our dual occupancy package has been designed by Aus Homes, and is very competitively priced at $485,000 – an exceptionally good price for this location!
Land: Corner of Lynelle Street and Pauline Street, Marsden – size (tbc by survey) 450 to 500m2 Price: $238,000
Dwelling: Dual Occupancy 3 beds + 2 beds = total of 5 beds
Unit 1: 3 beds, 2 baths, 1 car PLUS Unit 2: 2 beds, 1 bath, 1 Car
Builder: Aus Homes Pty Ltd
House: Fixed Price Contract $247,000
⢠3 + 2 bed
⢠2 + 1 bath
⢠1 + 1 car
⢠Turn Key
⢠Energy Efficient
The fixed price also includes additional fencing which needs to be done, removal of trees and also site works.
Note the location of the existing house sits on the side of the lot ensuring good level of privacy. The new build will also have enhanced privacy due to the separate street entry utilising the corner lot (refer site plan and contour plan)
RENTAL ESTIMATE: $680 to $700 per week
Yield: 7.29% (based on $680 per week rental
This property has been aggressively priced to achieve a quick sale –
TO PURCHASE: EOI WITH $1000 TO RESERVE,
TWO CONTRACTS – Land and Build (pay SD only on the land price) 21 days finance approval, settlement 14 days from title registration. On Unconditional approval pay 5% deposit on Building Contract with Builder. Progressive construction drawdowns.
Due to the long term contract and settlement date the builder will not require the 5% deposit to be paid until the land is settled.
For sale: $485,000
Kaye Tilley 0418 823 046
John Tilley 0417 041 424