Withheld
$114,359
"Discover the allure of Bruny Island, a dream destination in Tasmania renowned for its magical scenery, clean air, and pristine channel waters. This 2.51ha lifestyle property, located just 3km from the Roberts Point ferry terminal offers a generous blank canvas with approximately 200m of road frontage. As one of Tasmanias most popular holiday destinations, Bruny Island is a coveted locale where many aspire to live Boasting a northfacing, sunny aspect, more than six acres enjoys sweeping views of the DEntrecasteaux Channel, extending all the way to Northwest Bay and Kunanyi Mount Wellington. The expansive vista encompasses Barnes Bay and Lodge Bay, and for those who sail, its just minutes from a sheltered anchorage in Sykes Cove. Nestled against Roberts Hill and surrounded by substantial properties, this peaceful haven offers an idyllic setting to capitalize on Bruny Islands evergrowing tourism industry. Ready for an adventure and seeking a great business opportunity This property includes architecturally designed concept plans for a unique living experience with potential income from visitor accommodation. The prime location is perfect for exploring both North and South Bruny Island, offering a postcard setting conveniently close to the ferry. With an established and gated entrance, fencing, and a shipping container already onsite, the property is wellprepared for development. Recent surveys and soil testing have been completed, allowing for a smooth transition to building your dream retreat. Sparkling waters across the road and captivating views make this acreage an ideal spot for a serene coastal lifestyle. Enjoy easy access to Bruny Islands many beaches and natural wonders. This extraordinary opportunity is a true slice of paradise, where you can create a peaceful retreat and tap into the lucrative tourism market. For more information, contact Laureen Wood, an island resident and real estate expert in the area. Disclaimer All information contained herein is gathered from sources we believe to be reliable. However we cannot guarantee its accuracy and interested persons should rely on their own enquiries."
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83.9%
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$5,000
-$4,881
5.9%
4.2%
-7.5%
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Asking Price
-
Estimated Purchase Price
$395,000
Stamp Duty
$13,785
Transfer Fee
$233
Conveyancing
$1,847
Deposit (10%)
$39,500
Reg. Mortgage
$152
LMI Premium
$8,732
Renovation Costs
-
Total Cash/Equity Required
$64,799
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$23,400
$33,305
Property Management
+8.8% PA
$2,059
$2,931
Rates
+3.0% PA
$1,651
$2,154
Water
+3.0% PA
$950
$1,240
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$16,490
$24,045
Interest Repayments
$23,463
$23,463
Net Cashflow Before Tax
-$6,973
$582
Depreciation
-
-
Tax Offset
-$2,092
$175
Net Cashflow After Tax
-$4,881
$408
Assumptions
Year 1
Year 10
Property Value
6.8%
$427,200
$772,276
Loan Balance
I.O
$355,500
$355,500
$71,700
$416,776
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2021 Population
Suburbs
Retail Trade - 14.0%
Education and Training - 13.0%
Construction - 11.0%
Health Care and Social Assistance - 11.0%
Others - 51.0%
Average Income
Average Population
projected
for 2024 to 2026
Sales Price Growth (% Change)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
Sold Price
Asking Price