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Description: Wow! There is certainly some growth to occur in this location
Here is a summary of what is approved and being developed in this town and in the area - HERE IS A SUMMARY OF SOME OF THE MAJOR PROJECTS AND GOVERNMENT EXPENDITURE -
• $2.191,400,000 - that's the total of approved and current projects
$530 million - Rail Line Upgrade
$290 million - Wonthaggi General Hospital upgrade
$3.7 Million - Inverloch to Wonthaggi Shared Path
$2.3 Million - Art Centre in Wonthaggi
$600 Million - Energy from Waste Plant
$13.4 million - Bass Coasts Road Improvement
$500 million - Melbourne Innovation and Food Export Hub (10,000 new jobs!)
$254 million - Princess Hwy East Duplication
$350,000 - Powlett River Pedestrian Bridge
Additional employment required currently for just some of these projects 32,600 jobs in total - and more will be required!
That's a lot of housing that will be required......... HEAPS OF OPPORTUNITY IN THIS LOCATION FOR INVESTMENT!
• 9.8% 12 months growth
• 10.4% 12 months rental growth
• Normal 4 bed home
Summary:
Shared Living House: total of 4 beds, 4 baths 1 living and 2 cars
Each bedroom has its own private ensuite , the home has a large single living area and a double lockup garage
RENTAL ESTIMATE:
Each bedroom will produce approx. $280 to $300 per week
Weekly rental calculation: $1,120 to $1200 per week
Current vacancy factor is 0.5%
Registration of land is to be advised. This is a brand new estate named Powlett Ridge estate - see location map.
This is a FULL TURN KEY PACKAGE INCLUDING FENCING, LANDSCAPING ETC - READY FOR THE TENANTS TO MOVE INTO IN COMPLETION OF CONSTRUCTION
QUALITY AND WELL KNOW BUILDER
FIXED PRICE WHEN CONTRACTS ARE FULLY SIGNED AND DEPOSITS PAID
TO PURCHASE:
TWO CONTRACTS -
Land registration to be confirmed - date is just estimation.
Land Contract plus HIA Building Contract
Land to settle 14-30 days days approx. after finance approval
Finance approval in 30 days from date of land contract, but needs to be within 45 days from issue of contract
Initial deposit on EOI = $1,000 refundable in full if you do not proceed to complete purchase
Properties for sale are subject to being available at time of enquiry! If lot is sold the builder will source similar sized lot and we will prepare and supply for you a replacement house and land package with all features included.
This property is subject to being available at time of your enquiry.
FOR SALE: $638,135
Kaye Tilley 0418 823 046
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