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Property overview: The property is set midway between Brisbane and Toowoomba, with 3kms* of highway frontage, 3 kms* frontage to Philps Road, 0.8 km* to Boxmoor Road, with Bowtells Road traversing the property.
The site is characterised by cleared, elevated, undulating rural land, with a small portion of significant vegetation located along the western boundary of the site. It is currently utilised for beef grazing purposes.
The land accommodates one of the highest points in the Grantham Township, which provides opportunities for uninterrupted views across the entire township and Gatton to the East.
One of the significant features of this offering is the number of titles which make up the parcel, together with the close proximity of services such as town water, nearby small lot subdivisions and the projected growth rate of the area in general.
The total site area is 415.42 hectares with significant road frontages which give access from three boundaries.
The benefit of 18 Titles. One of the advantages we see with the numerous titles is the ability for a mid to long term investors to potentially secure an immediate return of some of the purchase price by realigning boundaries and creating numerous 5 acre allotments adjacent Philps Road, which could be sold in the short term. It is envisaged some 2.5 to 3m could be realized through such an exercise.
Holding Income: In addition to the probability of recovering a significant capital return in the short term through the sale of numerous 5 acre lots along Philps Road, there is also regular income available from the rental of two substantial homes on the property. Both are currently rented and return 3,700 per month together with the average annual income derived through the lease of the pastures for grazing which amounts to 30,000 + GST.
The area: Boxmoor is a short walking distanced to the charming township of Grantham, in fact the South Eastern boundary adjoins the residential area of Grantham. It is also about 2 minutes drive or cycle to Placid Hills, one of a number of rural residential estates in the immediate area. The entire area offers an atmosphere of rural charm with properties of 4,000m2 to 2 hectares in size. The fast developing town of Gatton is 6 kilometres to the East and Helidon is 6 kilometres to the West. Surrounding much of the property is low lying, fertile agricultural land and across the Warrego Highway is a large number of hobby farms. All offer a buffer to make the development of Boxmoor a unique opportunity.
SELLER FLEXIBILITY The seller is in a position where he is flexible in terms of the sale arrangements and short or long term settlement terms can be negotiated. There is a short term requirement for him, however once that is met the seller will look at all reasonable proposals to facilitate the sale of the property. Some of the options can include: Partial settlement initially and then a joint venture going forward. Partial settlement initially and then a staged payment plan which could be tied to one or several criteria over a period. Full settlement and the retention of the seller as caretaker of the property for the purpose of generating continued income for an agreed period. Settlement in predetermined time frames.
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