Enquiry code for this property: 1562

This property carries an excellent investment opportunity. This property affords itself to either the astute investor or an owner-occupier that desires good capital gains in the not so distant future.

The property is 64 hectares (160 acres), of relatively flat, flood free land, with two tenanted residences.

The property has many possibilities, the new owner could continue to rent both residences, or live in one rent the other, or build at the rear, with bore water access at the rear of the property and easily connect to power running through the property.

The property represents an excellent investment opportunity.

This property carries urban plan zoning, huge subdivision potential. The residential expansion in Miles is landlocked and orderly progression is par for the course. The neighbouring DA (development approval) was granted stipulating road access to this property, which was required as part of the DA, hence council acknowledging the future growth of the area. The neighbouring property Windsor Estate of 23 acres was valued as of 2nd July 2014 at 3 million, by Taylor and Byrne Valuers, which is an indication of the value and potential of this property, taking into consideration the property size of 160 acres.

A fall in commodity prices, did impact the area, however, this affected the entire country. Recent reports has seen an upswing in the commodities markets. The Adani mine has been approved, and will go ahead in 2017. It is only a matter of time now, before the Surat Basin begins its expansion again. Interest in the Surat Basin is once again growing.

The astute investor would be buying at the optimum time when the property clock is at its lowest. This opportunity to purchase now, at the bottom of the cycle, will not be repeated. The commodity prices have risen, and conditions are again favourable, for the resource industry to begin shifting back into top gear. Surat Basin property prices will also begin to increase.

Miles is situated in the middle of all the major Surat Basins projects. There are many many projects approved and being planed in the immediate area. Companies are working on advancing the missing rail link (Wandoan to Banana). It is expected that once this rail link is under construction, property prices will explode.

The EIS (Environmental Impact Statement), for the proposed Nathan dam will be ticked off in the near future, enabling that project to move forward to construction. The one certainty is; when any of these particular projects are commenced, you will not be able to buy this property at this current listed price.

The current owners are genuine in selling and acknowledge the current market conditions. Because of the fall in commodity prices, this is reflected in the price expectations. However, this will not last, as the commodity prices have now increased, the property prices will soon conversely increase.

Many investors are always quoted saying Should have bought before the land prices increased and the area went ahead Dont be left behind this time.

Dont miss this opportunity; do your own research; the area has many projects, simply waiting for that one catalyst.

This is the first time the property has been ever been listed or advertised.

Be mindful, as interest and projects begin to take hold in the area, property prices will increase.

Enquiry code for this property: 1562