While this page briefly describes some purchase options the price, terms and
conditions are totally open for negotiations.
The standard contract details can be found within the
Documents page of this internet
site.
The vendors are keen to negotiate an outcome that maximises the benefits and
minimises the costs for everyone.
Key Elements
- Minimum 5% deposit.
- Asking price will secure immediate sale, but other offers are invited
for consideration.
- Option to pay the remainder in regular instalments.
- Settlement Period is totally negotiable.
- Exceptional contract options to benefit investors or Self-Managed
Super Funds.
- Potential First Home Buyer
savings or
bonuses (subject to
eligibility requirements).
Property Description
On the 650m2 site at present is a sound, but ageing 3 bedroom
solid brick home with brick veneer 3rd bedroom extension which has been appraised for letting for around $350 per week.
At present the property has a single title, however if a purchaser wishes to
purchase the site as two sub-divided or one single unit then the vendors are
prepared to facilitate the sub-division prior to settlement.
The costs of the sub-division are reflected within the asking price for the
"per unit" option.
Council approved planning permits have been issued for two (2) side-by-side
townhouses with the following approximate dimensions.
Dwelling
1 |
Internal m2 |
|
Overall m2 |
First
Floor Internal |
93.14 |
First Floor Overall |
102.22 |
Ground
Floor Internal |
141.17 |
Ground Floor Overall |
157.04 |
Garage
Internal |
21 |
Garage Internal |
21 |
TOTALS |
255.31 |
|
280.26 |
|
|
|
|
Dwelling
2 |
Internal m2 |
|
Overall m2 |
First
Floor Internal |
103.76 |
First Floor Overall |
113.14 |
Ground
Floor Internal |
141.17 |
Ground Floor Overall |
157.04 |
Garage
Internal |
21 |
Garage Internal |
21 |
TOTALS |
265.93 |
|
291.18 |
All
diagrams and dimensions are provided for illustrative purposes
only, neither the architects, vendors, nor their agents warrant that the
diagrams are precisely to scale, nor the precision of the calculations. Buyers
must check all measurements for themselves to verify the dimensions.
NOTE: Please refer to the
stamped council approval and plans on the documents
page for specific details.
Purchase Options
Purchasers have several options open to them, to purchase:
- The entire site and construct the two townhouses either as an
owner-builder, or engage your own builder,
- The entire site as off-the-plan construction by the vendors' nominated
builder,
- One unit site and collaborate with the vendors or a second buyer to
engage a builder,
- One townhouse for off-the-plan construction by the vendors' nominated
builder, or
- Combine capital with other investors (or Self-Managed Funds) to fund a
joint venture project.
The settlement period and a range of terms can be negotiated, so too can the
asking price to account for any benefit or costs resulting from such variations.
Benefits & Savings
Savings can allow a developer or owner several benefits:
Lower capital outlay - obviously, lower up-front costs means less
out-of-pocket capital needed to get started.
Compound savings - much like compound growth, any reduction in
the base cost provides multiplied savings because on-costs (ie. stamp duty,
interest on loans, agents commissions etc. etc.) are generally charged as a
percentage of the base costs.
Competitive Pricing - the mistake most people make is that they focus
purely on the purchase price and overlook opportunities to structure a
transaction efficiently; they overlook the implications of on-costs when it
comes time to realise the value of a property.
An ability to offer the finished product at a lower price to
potential buyers gives a developer or investor a significant competitive
advantage, which in turns promotes a quicker realisation sale
and lower holding costs.
Contact VendorHQ to obtain copies of serious projections and scenarios that
enable a developer to significantly reduce their costs and in-turn offer a
finished product at a more competitive price.
Surprisingly, the strategies and scenarios offered by these vendors are
rarely used by other vendors, developer or buyers. So the majority of
buyers in the market are unnecessarily paying excessive costs and gain no
competitive advantage over the many competing properties offered by so many
agents every weekend.
Get an edge on the rest of the market
and let VendorHQ show you more economical ways to structure your purchase.
- Developers could avoid paying duties and statutory charges all
together
- Contact VendorHQ to obtain copies of detailed projections and scenarios
that can enable a developer to significantly reduce and even avoid incurring
a range of costs simply via structuring their project in a unique manner.
-
- Reduced Holding Cost
- Why pay bank interest unnecessarily?
- Negotiate settlement terms that minimise the amount of time that you
have to fund holding costs.
-
- Minimise the hassles, delays and costs of bank
applications and assessments
- The vendors are prepared to offer vendor [finance] terms under certain
conditions.
-
- Finance experts can demonstrate some creative strategies to help you to
secure better finance conditions, with reduced costs and much less hassle
than what most buyers must incur.
-
- We encourage you to review the strategies and seek an opinion from your own accountant or
financial advisers.
Request further details from VendorHQ on
1300 669 331.
|