Property Required
Residential * Commercial Devevopment * Residential Development
- New Duplex Build
Need Land, with approval to build a Duplex.
$70,000-100,000 uplift in profit upon completion - Commercial Property
Vacant land – ability to build sheds for resale, size approx. 150m2 each shedPrice around $1M – $1.5million max - Small Land Subdivision,
Land wanted WITH a DA to subdivide.
Price under $1,500,000
No fixed locations, however we are not interested in the following areas:
Logan, Ipswich region, Caboolture.
| Example | keep house + 6 new blocks of land | ||
| Provide property address | Buderim | ||
| Property Zoning | eg. Low Density (min 600m2) | ||
| Basic Feasibility | Purchase price | $1,280,000.00 | |
| Costs – development costs @ $28,000 per lot (x6) | $168,000 | ||
| Costs – new land subdivision @ $120,000 per lot (x6) | $720,000.00 | ||
| TOTAL COSTS | $2,168,000.00 | ||
| Sales – what will each block of land sell for ($450,000) | $2,700,000.00 | ||
| (what does existing house sell for – if keeping) | $700,000 | ||
| Costs – MINUS selling fees (future land sales x 2.5%) | $85,000.00 | ||
| TOTAL SALES | $3,315,000.00 | ||
| PROFIT | $1,147,000.00 | ||
| If above 20% continue on negotiating on property | 35% |
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