Lot 201 Waterview Drive, Lammermoor QLD 4703

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Lot 201 Waterview Drive Lammermoor at Yeppoon QLD 4703
A perpetual Material Change of Use (MCU) is attached to Lot 201.
That is a Subdivisional Approval for the creation of 31 sub-lots.
Council Approval exists for all Subdivisional Drawings.
30 sub-lots approximate 800m2, with a projected average selling price of $273,000.
Each sub-lot has coastal views and is about 2km from Kemps Beach and Rosslyn Bay Marina.
Yeppoon is well supported by infrastructure, shopping centres, public amenities and Rockhampton
Residual sub-lot 62 will be 14,500 m2, and is suitable for 20 extra residential sub-lots or 40 units, subject to Council granting an MCU.

For Valuation purposes, a gross realization is adopted in excess of $11M.
The Valuation is current and was made for the purpose of raising first mortgagee finance.
The estimated time frame for project completion of 30 sub-lots is 12 months.
The Feasibility for the 30 sublots provides an estimated return on costs of 55 %.

Expression of Interest