$2,600,000

The Phone Code for this property is: 56335. Please quote this number when phoning or texting.

Attention developers !!!
FOR SALE Quality land subdivision project with a perpetual Material Change of Use (MCU) ready to move forward, in an excellent location with ocean and island views. Centrally located in the ever-popular suburb of Lammermoor, Yeppoon is on the fast-growing Capricorn Coast on the Southern Great Barrier Reef. Elevated to capture the sea view and breeze, only 300m to the ocean as the crow flies, 2km to the Keppel Bay Marina via walking track or road, and 6km to Yeppoon CBD and Foreshore Precinct.
Lot 201 Waterview Drive Lammermoor at Yeppoon QLD 4703
A perpetual Material Change of Use (MCU) is attached to Lot 201.
That is a Subdivisional Approval for the creation of 31 sub-lots.
Council Approval exists for all Subdivisional Drawings.
30 sub-lots of approximately 800m2, with a projected average selling price of $273,000.
Each sub-lot has coastal views and is about 2km from Kemps Beach and Rosslyn Bay Marina.
Yeppoon is well supported by infrastructure, shopping centres, public amenities and Rockhampton
Residual sub-lot 62 will be 14,500 m2, and is suitable for 20 extra residential sub-lots or 40 units, subject to Council granting an MCU.


For Valuation purposes, a gross realization is adopted in excess of $11M.
The Valuation is current and was made for the purpose of raising first mortgage finance.
The estimated time frame for project completion of 30 sub-lots is 12 months.
The Feasibility for the 30 sublots provides an estimated return on costs of 55 %.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters..