“FERN TREE POCKET” ESTATE in Elizabeth Street is located within walking distance to the very centre of the City of Nambour. It is also within walking distance to schools and other services. Nambour is just 15 mins inland from the coastal strip of the Sunshine Coast including Maroochydore, the major commercial hub on the coast. It is recognised as a stable town with a middle class demographic. The Sunshine Coast General Hospital is located here as well as the SSCoast Council offices. Nambour has many educational facilities including both public and private. The township is very self sustaining and just recently there has been a surge in demand for land and investment opportunities. It is very picturesque area located in an undulating location. If you travel up the mountain range you will be in the tourist locations of beautiful Montville, Maleny and other famous Blackall Range tourist destinations. Nambour is the hub of the train network for the Sunshine Coast with the only major train transit station servicing Brisbane and further north to Far North Queensland.
It has excellent access to the Bruce Hwy.
Land has been very scarce on the Sunshine Coast, and this estate in Elizabeth Street has just recently been released. It is a boutique estate and has been popular with owner occupiers and investors. Renters will love it as they can leave their car at home and walk to all daily amenities and services.
Land is registered – ready to build

OUR OPPORTUNITY:
Lot 204: Land size – 842m2 $295,000 Registered
With duplex of total of 6 beds, 4 baths, 2 cars
Total size of duplex: 317.84m2
Unit 1: 3 beds, 2 baths,1car – size 158.92m2
Unit 2: 3beds, 2 baths, 1 car – size 158.92m2
Fixed Price Building Contract $499,546- this includes:
PLEASE NOTE THAT THIS INCLUDES FULL SITE WORKS/RETAINING, THE DULPEX CONSTRUCTION, FULL FENCING AND LANDSCAPING, Development APPROVAL for duplex , INFRASTRUCTURE CHARGES, APPROVALS, COUNCIL FEES, BODY CORP SETUP, AND STRATA TITLES – this is a full turn key package and tenant ready

The size iof this duplex is quite large. If you wish it to be more affordable then we can discuss with the builder re reducing the size of each unit, thereby reducing the build cost. This would not adversely affect the rental income nor the equity increase provided here.

RENTAL ESTIMATE: $840 to $860 PW total combined income per week
$420 to $430 per week x 2 units. Gross Income yield 5.6%

This lot has front boundary to Elizabeth Street. (already bitumen street)
Nambour is just beginning to lift with increased sale prices for both land and constructed stock. Buy now as the market is lifting and the demand is increasing. This will continue as this area is centrally located on the coast with great connectivity to all areas (Maroochydore and the coastal beaches just 15 mins drive) Nambour has excellent services and amenities including a 3 hospitals, the only major train transit centre for the SSCoast, numerous public and private schools (both primary and secondary level), great recreation and sporting facilities, large shopping centres with Coles, Woolies and Aldi Supermarkets.
It is a very well serviced location.
Nambour is still affordable – however the land is beginning to rise in price! This is due to scarce supply and strong demand.

Potential Equity Increase on Completion and strata title: estimation is $840,000 to $860,000 – $420,000 to $440,000 per side
Equity increase is substantial upon strata title: see sales appraisal indicating Sales price to be $420,000 to $430,000 per unit = $840,000 to $860,000. This can be easily achieved in current market conditions. Duplexes in Nambour are very sought after for permanent occupiers, and are sold usually as separate units.

Method of Purchase:
Expression Of Interest (non binding) with initial $1000 holding deposit
Contract Conditions: 21 days finance
Two contract purchase: separate Land and Building Contract. Pay stamp duty only on the land price. Build cost is exempt from stamp duty.
Land Contract settlement: 14 days after finance approval
Build Contract: on unconditional finance approval pay to the builder an amount calculated at 5% of the total build cost

Call Kaye today for additional information and updated plans.

FOR SALE: $794,546

KAYE TILLEY 0418 823 046