Withheld
$50,878
"Offered for sale for the first time in over 20 years is your opportunity to own this approximately 138 acres of grazing land located in Alberton. Zoned farming and features a mixture of highquality grazing pasture and coastal saltmarsh. Currently, the property has cattle leased on a periodic agreement. The property has a 30 x 30m powered shed, lockable garage, stock facilities, and a hay shed, making it an ideal location for farming. Additionally, the stock water is sourced from a dam andor bore and there are troughs available to meet water needs. One of the most unique features of this property is that it backs onto saltmarsh of very high conservation value, providing an important area of core habitat for both marine and terrestrial species. This is a rare opportunity to own a property with such significant conservation value. The property is situated next to the Nooramunga Marine and Coastal Park and features frontage to the channel linking it to the Coastal Park and Albert River. This location offers stunning views and a peaceful surround. Dont miss out on this incredible opportunity to either add to your existing land holding or start a new portfolio in South Gippsland. Contact Bianca on 0400 433 708 for more information or schedule a viewing Acreage is approximate only Boundary lines are indicative only"
Below are some similar properties in the area you may be interested in.
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87.8%
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$5,000
+
17.3%
9.4%
14.5%
6.0%
Asking Price
-
Estimated Purchase Price
$75,000
Stamp Duty
$1,550
Transfer Fee
$281
Conveyancing
$1,196
Deposit (10%)
$7,500
Reg. Mortgage
$129
LMI Premium
$1,282
Renovation Costs
-
Total Cash/Equity Required
$12,487
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$13,000
$18,503
Property Management
+7.7% PA
$1,001
$1,425
Rates
+3.0% PA
$1,695
$2,212
Water
+3.0% PA
$1,015
$1,324
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$7,039
$10,607
Interest Repayments
$4,455
$4,455
Net Cashflow Before Tax
$2,584
$6,152
Depreciation
-
-
Tax Offset
$775
$1,845
Net Cashflow After Tax
$1,809
$4,306
Assumptions
Year 1
Year 10
Property Value
6.8%
$85,440
$154,455
Loan Balance
I.O
$67,500
$67,500
$17,940
$86,955
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2021 Population
Suburbs
Agriculture, Forestry and Fishing - 14.0%
Health Care and Social Assistance - 12.0%
Retail Trade - 10.0%
Construction - 10.0%
Others - 54.0%
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