Two 400m2 lots at 11m frontage - potentially under an MCU

The property is perfectly positioned on one side of the block, promoting our team to attempt to obtain a subdivision for 2 lots. The plan is the retain the house and renovate it, while we create a new lot next door and sell it off. A backup plan is to do an attached dwelling and maximise rental return

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Project scenarios for the property Located at 24 Kim Street Marsden

Currently zoned for attached or detached secondary dwelling 802 m2 with a 22 meter frontage and existing 4 bed house located on the left boundary.

Removal of the house is unnecessary.

| THE DEAL:

MCU Subdivision and renovation: (14 month duration)

·         Buyers Agent Fee $10,000

·         Purchase Price $425,000

·         Stamp Duty $13,825

·         Conveyancing $3200

·         Survey plan $1800

·         Designer $2200

·         Storm water engineer $4,000

·         Council Fees $12,000

·         Fences $4500

·         Renovation $15,000

·         Town planner $4,000

·         Sales Commission $18,000

·         Council Contribution Fees $28,000

·         Civil Works $18,000

·         Total $578,525.00

·         Renovated House value $465,000

·         Land value $320,000

| Profit $211,475.00

 Enquire below for deals like this

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