Selling Under Land Value

Here's an extremely affordable option to build or redevelop in an area close to major amenities, in the long established suburb of South Gladstone. Close to primary and high schools, CQ University Campus, shopping and medical, this property offers an opportunity for a smart buyer to take advantage of these crazy buying conditions still available in the Gladstone Region - but not for too much longer, as conditions have now started to move off the bottom of the market. Even a land banking banking option is something to consider with this lot.
There is an old one bedroom cottage on the block that has seen better days, and requires significant work to get it back to a standard where you could live in or rent it out. Let's be up front here, we're not placing any value in the cottage and are allowing for removal or demolition costs at this price. My advice? Just knock it down and start again if you're not handy with renovation work yourself. The block is a tiered, sloping lot with the house site in an elevated position, capturing the prevailing south-easterly breezes, with easy access to main arterial roads and only minutes to the CBD and surrounding neighbourhood amenities.
Call me if you have questions or want to get your contract in place now. At this price, the sellers are serious about moving this property.