For Sale and/or JV, this Multi-Townhouse Development Site, located on the station only 6 x stops to
Our nominated investor in this carefully chosen townhouse development project, has decided to pack her bags and exit, leaving this fab development opportunity for potential new investors.
The site in question does have a current DA with the adjoining block, for 12 x circa 190m2, 3 x level townhouses, but the adjoining land owner has had to put his share of the proposed 12 x townhouse project 'on hold' due to personal reasons.
As a result, any incoming purchaser can either go it alone, or submit a fresh new DA on the stand-alone lot, and given the current approval this should only be a matter of 8-10 weeks for a new approval unless of course they can come to some arrangement with the adjoining land owner in order to complete the original DA.
Sites of this type don't come onto the market very often and are carefully held, due to their flexible, higher yield zoning, allowing in some cases a greater than 50% footprint as well as a build height up to 11 metres.
Current market research conducted by Viking Capital on similar sites, in the Yeronga, Annerley, Fairfield and Greenslopes areas, shows recent sale pricing in some cases has managed to achieve up to just short of $1,500 per m2 or up to $180K per townhouse site, for sites of this type, even without any DA having been issued.
So, if you are interested in this amazing opportunity, or you know someone who may also be interested in this project, we can
1/ assist you to negotiate a deal on this land
2/ arrange construction finance for you for this project
3/ even provide you with the original SPV company if this is of further assistance
For a confidential discussion please feel free to call Gary at Viking Capital on 0438 331 116.