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3.
Roma, Queensland $792,508
FANTASTIC OPPORTUNITY - 3 BRAND NEW UNITS VALUATION - $330,000 each The vendor is a specialist remote area builder who concentrates on properties in booming mining towns in Queensland and Western Australia. Because he constructs his units off-site, transports them and completes the projects with first class finishes, his building costs are substantially less than those of other builders. He is giving investors an opportunity to purchase his end product at wholesale prices. Once a purchaser commits to the end product he will fully fund it, take a 20% profit, and sell the shares in the special purpose development company to the investor, giving the investor a 20% discount on valuation. There is a waiting list for accommodation in Roma. Prices and rents are rising rapidly as workers flock to the gas fields. As banks will lend 80% on valuation, these units can be fully funded and positively geared. This is a unique opportunity for an astute investor to enjoy part of a developers profit without the risk. |
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