Developers on your marks! This prime land area in a sought after Neerim South Area is up for sale! Ideally located and easily accessible from the Main Road, this site will have on offer the best 41 country size blocks (4000-8600m2) available in this picturesque town. Only Stage 1 & 2 illustrated in the drawings are for sale. Enquire now to secure the next 3-5 years of land development in Neerim South.
Some basic figures:
Acquisition Cost: 2.8m
Cost of development: ~65K/Block x 41 = Approx. $2.1m (Quoted by local civil works operators, we can provide you with some local contacts for this)
Resale Value: Approximatively $7-7.8m (Quoted by several local Real Estate Agencies to up to $8.3m)
Return on investment: Approximatively $2.5m over an estimated period of 3-4 years (This is a conservative figure and may vary depending on the final costs of development)
Please note that Stockdale & Leggo or the selling Agent will accept no responsibility for the above figures and that they are provided as indicative only. Estimates were current at the time of publishing the figures.
Contact the Agent for more details.