PROPERTY FOR SALE > 2444, PORT MACQUARIE, NSW, Australia
For Sale > Two Bedroom Apartment At Port Macquarie
Real Estate At Port Macquarie
| Price: | $450,000 | ||
|---|---|---|---|
| Status: | FOR SALE | ||
| Address: | PORT MACQUARIE, 2444, NSW | ||
| Bedrooms: | 2 | Bathrooms: | 2 |
| Garage: | 1 | Pool: | - |
| Car Port: | - | ||
| Land Size: | - | House Size: | - |
Investing In Property Port Macquarie
Investment Property For Sale
It is a small boutique development of only 33 apartments and offers a mix of 1, 2 and 3 bedroom apartments ranging from $285,000 (plus furniture) for a 1 bedroom apartment located on level 3 to $689,000 (plus furniture) for a superbly located 3 bedroom apartment with ocean views to Point Plomer. Prices have been endorsed by licensed valuers Bruce Noble and Associates
The developer is so confident in the return on this investment that he is prepared to underwrite your purchase and assure you a 6%* return in the first year.
Read on and you will learn why the return on this investment will be superior to any others in the region, and hence why your return is secure. So if you buy an apartment in this complex you will be paid a gross rental return of 6%* for the first year. And, on the most affordable one bedroom apartments, this return will mean the investment is narrowly cash flow positive (after tax) for the first year for middle-income tax payers.
The larger apartments, and the ones on the ocean side of the building with abundant water views have after tax cash flows that are narrowly negative for middle income tax payers.
Beyond the first year the managers expect returns around this level to be naturally generated by the property in its own right more on this later, but they are prepared to put their money where their mouth is and underwrite it in the first year, meaning that, should your investment dip below 6% returns at any stage, they will chip in the difference, and pay you this amount every month; you will not have to wait until the end of the year.
Whats more, the starting price of the one bedroom apartments in this building is only $285,000 (plus a furniture package of $19,000). This will buy you a 64m2 (including balcony) brand new apartment in one of the best buildings in Port Macquarie. We invite you to compare this to the price of similar sized brand new one bedroom apartments in any capital city or regional centre you will find it to be very good value.
For tourists, Port Macquarie is a unique coastal town only four hours drive north of Sydney on the NSW mid-north coast, making it ideal as an overnight stopover or holiday destination.
As roads and air services progressively improve, many more tourists from Sydney and Newcastle have fallen in love with Port, firstly as a holiday resort, then upgrading to a beach home and later permanently moving to live in one of Australias most relaxed and temperate environments.
The Port Macquarie region now boasts a permanent population of approx 70,000, swelling to around 120,000 in peak holiday periods, and with its current strong rate of growth, this will grow to over 95,000 within 15 years. The population trend from city to sea is well known across Australia. The majority of units now being built in Port Macquarie are for owner occupiers, locals, but most for people from other parts of the state.
The infrastructure and facilities of Port Macquarie as a tourist destination are second to none:
Eight sandy beaches (three patrolled)
Two major river systems
Two major shopping centres
A well developed and expanding CBD
Private and public schools
A wide choice of restaurants and cafes
Coastal walks and cycle ways
All sporting facilities
Golf and bowling clubs
Licensed clubs and hotels
Macquarie Waters has the highly desirable resort style facilities including on-site management, an immensely popular restaurant The Corner recently voted Best New Restaurant on the mid north coast, heated pool, spa, BBQ area, roof top observatory with water views and a unique Dive In Theatre - yes you can watch a movie while relaxing in the pool!
Financials available on request
Dont delay contact us today
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Contact Details For This Property (AD ID: A1775)
| Status: | FOR SALE |
|---|---|
| Asking Price: | $450,000 |
| Agent Name: | Craig Reimer-Madden |
| Telephone: | 1300 662 768 |
| Mobile: | 0418 840 388 |
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