This property is surrounded by major roads, close to a freeway as well, making it an easy run into the city. This opportunity offers 4 neighbouring blocks in a residential area equalling approximately 5262sqm . A short walk to public transport and only a few minutes drive to the town centre, nature reserves and park lands. The beach is approximately a 15 minute drive.

This investment opportunity includes the potential to build 20 – 30 townhouses, or more STCA.

Description
Several neighbours in the locale have got together and created a covenant whereby all of them have to sign the deal, or it doesn’t go ahead. If this is the case, one vendor will proceed with putting their property on the market and go to auction mid April. 

The pre-sales market in the local area is showing strong results on other projects.

Summary
Purchase Price: $4.6 – 4.8 million
Funds required to complete deal: $TBC by the developer
Estimated profit: TBC by the developer

60-90 day DD clause would be recommended.

If you like what you see and are keen to know more, please contact us to receive a non-disclosure form and our schedule of fees. Once this is returned you will receive a link to full information, along with a unique password to access a Dropbox folder that contains all the information you need to make an educated and informed decision, or as much information as we can obtain.

The post Victoria, South East Melbourne – 4 Neighbouring Blocks appeared first on passionate property people.

This property is in a prime location, with only a road and scrubland separating you from the beach. This opportunity offers a vacant block in a residential area. A 15 minute walk to the local train station and only 10 minutes to the town town centre, with nature reserves and park lands surrounding the local area and running along the beach lines.

This investment opportunity includes the potential to:

Description
Although selling as a vacant block of land, this site previous had approved plans and permits for a substantial number of apartments and car parks. VicRoads, Melbourne Water, Public Transport Victoria had no objections to the development, therefore, it would be safe to assume a similar sized project would be easily granted new permits, albeit not guaranteed.

The previous plans incorporated a mixture of 1-4 bedrooms, lots of landscaping and open areas to protect the local environment and native vegetation.

The pre-sales market in the local area is showing strong results on other projects.

Summary
Purchase Price: $10,250,000
Funds required to complete deal: $TBC by the developer
Estimated profit: TBC by the developer

60-90 day DD clause currently being negotiated with agent.

If you like what you see and are keen to know more, please contact us to receive a non-disclosure form and our schedule of fees. Once this is returned you will receive a link to full information, along with a unique password to access a Dropbox folder that contains all the information you need to make an educated and informed decision, or as much information as we can obtain.

The post Victoria, Bayside – Vacant Land appeared first on passionate property people.

This corner property is close to the town centre, hospitals, tertiary education facilities, multiple shopping centres, transport, an abundance of primary schools and more. The council has designated this area with a commercial 1 zone, it is also affected by several overlays that need to be considered when designing your development i.e Parking Overlay

This investment opportunity includes the potential to:

Description
Under Review as awaiting Section 32s – however, would suit Medical Suites, Child care centre, Resi-mercial development. Height is restricted to 15.2m

Summary – We are awaiting futher information to assess this opportunity
Purchase Price: $900k if one site, if corner site AND the neighbouring site $1.6-1.8 mill
Settlement: TBC

Option 2 – Rent and Develop later:
Total Funds required to complete deal as as a development: Dependent upon developer’s requirements and design
Strategy Costs: TBC
Estimated profit: TBC

If you like what you see and are keen to know more, please contact us to receive a non-disclosure form. Once this is returned you will receive a link to full information, along with a unique password to access the webpage that contains all the information you need to make an educated and informed decision.

The post Victoria, Bayside – Commercially Zoned Property appeared first on passionate property people.

This property is close to the town centre, hospitals, tertiary education facilities, tmultiple shopping centres, ransport, an abundance of primary schools and more. The council has designated this area with a neighbourhood character plan, it is also affected by the 1 in 100 year flood level, as well as some local laws that need to be considered when designing your development i.e Parking Overlay

Description
There are currently multiple units on the 1 title, consisting of a mix of 2 bed units and 1 bed units. All units are currently tenanted with long term tenants some of which have been there since 2015 or earlier. Therefore, rent is at under market value and has the potential to increase. 

There is the potential to renovate and keep the units, or leave them unrenovated whilst waiting for DA and council permit timeframes

Depending upon JV partnerships and structure set up, it may be possible to keep some units for a passive income.

Summary
Purchase Price: $1.45 million
Settlement: ASAP

Option 1 – Renovate and Keep 
– After completing a rigourous assessment of this opportunity, we have concluded it would be non viable as a reno keep, as it would take 5-6 years before you would see any return on your investment. 
– No strata titling possible due to construction of current building, and cost not viable to project

Option 2 – Rent and Develop later:
Total Funds required to complete deal as as a development: To be determined by developer
Estimated Construction Costs (STCA and design aspects) $3.6 mill (based on building 10-12 apartments), will also vary depending upon developers needs
Estimated profit: Will be dependent on various factors including construction materials, council requirements, groundwater etc

If you like what you see and are keen to know more, please contact us to receive a non-disclosure form. Once this is returned you will receive a link to full information, along with a unique password to access the webpage that contains all the information you need to make an educated and informed decision.

The post Victoria, Bayside – Multiple Units 1 Title appeared first on passionate property people.

This Bayside property currently has a selection of different businesses on site, including various medical suites of sorts. It is close to the town centre, beach, boat ramps, transport, as well as a variety of both primary and high schools. The developer has unfortunately had financial troubles and this site is under control of the second tier lender.

Due to the size of this devleopment, 2 basement level car parks are included in the drawings, to meet council car parking dispensation requirements. However, due to its locale it is recommended you speak to specific consultans about the water table and any implications associated with this.

This investment opportunity includes the potential to:

Description
80 apartments and 2 retail spaces in a prime location and walking distance to the beach, with all upper level apartments having access to a balcony and all ground floor units having landscaped gardens and coutyards. A number of apartments will have water views or at minumum, glimpses of the water.

As the plans have not yet gone to council, you can change the density of the development and build something to suit your own investment capabilities (STCA). 

Depending upon JV partnerships and structure set up, it may be possible to keep some units for a passive income, and / or the large retail spaces on the ground floor, for which we already have one interested party.

We are working with the agent to negotiate a 60-90 day Due Diligence Clause to allow us to further assess this opportunity

Summary – We are awaiting futher information to assess this opportunity
Purchase Price: $TBC
Settlement: TBC
Total Funds required to complete deal as it stands with current DA: TBC
Estimated profit: TBC

Retail sale of end product approx. $60 Million! Based on number of apartments and m2 of each on the plans, as well as the 2 retail spaces.

If you like what you see and are keen to know more, please contact us to receive a non-disclosure form. Once this is returned you will receive a link to full information, along with a unique password to access the webpage that contains all the information you need to make an educated and informed decision.

The post Victoria, Bayside – Potential 80 Apartment Site with 2 Retail Spaces appeared first on passionate property people.

This Bayside property is close to the town centre, beach, boat ramps, transport, an abundance of primary schools and more. The council has already approved plans for 25 apartments and a retail space. Building has begun on this site, however, the developer has unfortunately fallen through. 

All apartments have pre-sold, showing the potential of this site.

This investment opportunity includes the potential to:

Description
25 apartments in a prime location and walking distance to the beach, with just one major road and a waterway to cross. The retail space has been offered to a hospitality business. All plans and permits required have been issued and works on the basement level car park have started.

Depending upon JV partnerships and structure set up, it may be possible to keep some units for a passive income..

The developer has not been able to meet the financial requirements and the builder has stopped works. We are currently negotiating a 60-90 day Due Diligence Clause to allow us to further assess this opportunity

Summary- We are awaiting futher information to assess this opportunity
Purchase Price: $TBC
Settlement: TBC
Total Funds required to complete deal as it stands with current DA: TBC
Estimated profit: TBC

If you like what you see and are keen to know more, please contact us to receive a non-disclosure form. Once this is returned you will receive a link to full information, along with a unique password to access the webpage that contains all the information you need to make an educated and informed decision.

The post Victoria, Bayside – DA Approved 25 Apartments & Retail Space appeared first on passionate property people.

This property is close to a beach side town centre, boat ramps, transport, primary schools and popular high school. The government has a current 3 year lease on this property with 33 residences on site. There are also a further 2 units that are strata titled included on the neighbouring site.

This investment opportunity includes the potential to:

Description
33 rooming house style residences on one site and a further 2 units on the neighbouring site. Includes a swimming pool and plenty of car parking. the site also includes a swimming pool for residents. We have also negotiated a 60 day Due Diligence Clause in the contract with vendor.

Summary
Purchase Price: $6.95 million
Settlement: purchaser’s choice
– The vendor is happy for purchaser to settle under 30, 60 or 90 day terms and take the rental return for themselves, OR the vendor is happy to do an extended settlement of 2.5 – 3 years when the current lease with the government expires; this will allow the purchaser to apply for DAs with council to further develop the site and negotiate the purchase of the another site next door
Rental Returns, as it current stands approx: $500,000 p.a.

If you like what you see and are keen to know more, please contact us to receive a non-disclosure form. Once this is returned you will receive a link to full information, along with a unique password to access the webpage that contains all the information you need to make an educated and informed decision.

The post Victoria, Bayside Rooming House appeared first on passionate property people.

This Mornington Peninsula property is close to the town centre, boat ramps, transport, an abundance of primary schools and more. The council has already approved plans for 16 apartments, but the developer has unfortunately not been able to get finance. Working drawings and building permit yet to be done and dependent on the materials used for construction.

This investment opportunity includes the potential to:

Description
16 apartments in a prime location and walking distance (400m) to the foreshore and nature reserves. Building permits have not been done as the new devleoper needs to ascertain if they wish to build in full concrete, or a concrete timber combination. A mixture of 1, 2 and 3 bed units, that will have glimpses of the water views. There are only 2 penthouses, one of which will have full water views.

Depending upon JV partnerships and structure set up, it may be possible to keep some units for a passive income.

Current vendor was the architect and is happy to assist with determining best way to go and supply working drawings at a cost.

Summary
Purchase Price: $2.2 – 2.4 million
Settlement: ASAP
Total Funds required to complete deal as it stands with current DA:
– Constuction with full concrete approx $3.7 mill
– Construction with concrete / timber combo $2.6 mill
Estimated profit: 18.94% OR <30%

If you like what you see and are keen to know more, please contact us to receive a non-disclosure form. Once this is returned you will receive a link to full information, along with a unique password to access the webpage that contains all the information you need to make an educated and informed decision.

The post Victoria, Mornington Peninsula – DA Approved 16 Apartments appeared first on passionate property people.

This Mornington Peninsula property is close to a main shopping centre, medical centre, transport, schools and more. The council has already approved plans for 2 town houses, and the current property has recently been painted and freshened up, so will suit rent / hold until such a time you are ready to develop on said site.

This investment opportunity includes the potential to:

Description
Hold and rent the front property, DA approval is already in place for 2 townhouses to be built, however, you can submit your own DA with a new design and larger development depending on your strategy (STCA).  

Summary
Purchase Price: $600,000
Total Funds required to complete deal as it stands with current DA: $1,531,497
Estimated profit: 4.71%

This suits a rent / hold both properties, rather than a sell one keep one strategy, due to lower returns on sale.

Estimated rental income $9660 for current property that is leased until July 2021

The vendor also owns the block next door and is open to selling off both blocks if preferred, otherwise he will develop second site himself/

Purchase price for both blocks $1,200,000
If interested in both blocks, a further feaso will be run to calculate total funds required and estimated profit.

If you like what you see and are keen to know more, please contact us to receive a non-disclosure form. Once this is returned you will receive a link to full information, along with a unique password to access the webpage that contains all the information you need to make an educated and informed decision.

The post Victoria, Mornington Peninsula – DA Approved with Plans appeared first on passionate property people.

This property is on the Mornington Peninsula, and offers a great sized block in a residential area. Walking distance to the shops, schools, transport and reserves. Gorgeous 2 bed heritage property waiting for some TLC.

This investment opportunity includes the potential to:

Description
Possibility to renovate and hold the heritage building, whilst subdividing and building on the rear of the block.

Summary
Purchase Price: $620,000
Funds required to complete deal: $Non-Viable
Estimated profit: Non-Viable

This suits a rent / hold both properties, or a sell one keep one strategy.

Estimated rental income $22,360 pa per unit

STCA Funds required to complete deal: $Non-Viable
Estimated cash profit:0%

If you like what you see and are keen to know more, please contact us to receive a non-disclosure form. Once this is returned you will receive a link to full information, along with a unique password to access the webpage that contains all the information you need to make an educated and informed decision.

The post Victoria, Mornington Peninsula – Auction of Heritage Building & Land appeared first on passionate property people.