20 Gympie Road, Tin Can Bay QLD 4580

$560,000

7 Lots Ready to Build, Coastal Gated Estate, Investment

A premiere gated Estate in the middle of Tin Can Bay with a mixture of 2 level and single level homes. 1 block from the sea with water views available. These blocks have town water, sewered, street lighting, underground power, Telstra, bitumen roads, community pool and recreational facilities. Walk to everywhere or ride your bike with shopping, sporting and marina facilities very close.
Investment ready and located in a gated community developed by the owner and with full Council approvals to build in place, this is a golden opportunity to build and sell or rent 7 freehold homes. The owner is just completing 3 homes and has pre-sold them. His builder is in the process of planning another 2 homes to be built on 2 of these 7 vacant Lots. The owner is an investor who has had built and then sold all the homes in the estate but has now retired to the Sunshine Coast and wishes to wind back his investment and commitments. Asking only $560,000 for the 7 Lots and with a proven profit margin on every build, this should suit any investors wanting a secure return.
The current owner has been developing Tuncunba Gated Estate over the last 17 years. They are sold as freehold house and land and have been attractive to the over 50s and new builds are attracting interest around the $400,000+ mark with interest available in any new homes that become available.
There are 7 freehold sites remaining that are Land Tax free. A project that could be financed through your super fund or savings, generating excellent profits.
Duplex and Triplex homes that have already been built and sold, are a mix of 2 Bedroom 2 Bathroom, single garage which are selling for around $370,000 and two level with a hydraulic 3 person Lift, 3 Bedroom, 2 Bath, double garage sell for around $440,000. All have featured high end finishes and inclusions which could be varied to suit investment outcome.


Here is an opportunity to live and relax with an income you can manage at a pace to suit your financial needs.
Tin Can Bay. On the doorstep to Fraser Island and Rainbow Beach. Safe. Flood free. About 2 hours north of Brisbane.
$560,000 total price. ($80,000 per Lot)

Property Details

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