, Devonport TAS

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For Salehouse

Devonport, TAS 7310, Australia

3 bed 0 bath 0 car

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AI Valuation Estimate

$390,100 – $439,900

Based on recent comparable sales in Devonport

+6.2% suburb growth over 12 months

🏫

8.4/10

Schools

🚇

87/100

Walk Score

📈

+6.2%

Growth

🛡️

9.1/10

Safety

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Schools · zoning · transport · traffic · flood · bushfire · crime · development · heritage

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About this property

EXPRESSIONS OF INTEREST are invited to become part of this exciting and unique housing development. Situated just 10 minutes from Devonport, the developer is looking for astute investors to be part of a unique project providing affordable housing in the community with a GUARANTEED INVESTMENT RETURN FOR 10 YEARS. Background: The developer is undertaking a series of transactions nationally as part of a strategy to build affordable housing for regional Australian communities. Dwelling Description: Steel frame Exo-cladding Double glazed windows and entry doors Insulated walls and ceiling 3-bedrooms 1-bathroom Open plan living 99 Year land lease What is Offered: The proposal incorporates approximately 60 dwellings on site (STCA) of which 50% would be sold to investors with an immediate lease back to the developer. Price expectation per dwelling is $250,000 with payment terms on the following monthly instalment basis: Instalment 1 Initial Deposit on signing of purchase agreement - 25% - $62,500 Instalment 2 25% - $62,500 Instalment 3 25% - $62,500 Instalment 4 Upon issue of Occupancy Certificate 25% - $62,500 What is Returned: Lease back to developer for 10 years with estimated annual rental yield of 8.77% At the end of the 10 year term, an option to renew, potentially for another 10 years, or can be offered to the open rental market, sold or lived in by the purchaser. Get in on the Ground Level: Contact Andrea O'Neill of Elders Real Estate Ulverstone on 0439511602 for full details and to register your interest.