This land presents an exciting opportunity for a developer with big dreams and a passion for creating something new. The property is zoned for residential 3 use, meaning you can build a block of flats or townhouses on the site.
One key advantage is that the water and electricity connections are already in place, which can significantly simplify the development process. This allows you to focus on turning your vision into reality.
By developing this land, you'll have the chance to create something you can resell for a profit down the line. This could enable you to then reinvest those funds into your next development project, helping you grow your portfolio and expand your impact.
It's important to note that banks typically do not offer 100% financing for vacant land purchases.
You'll likely need to have at least a 50% deposit in order to secure financing. Cash buyers may be at an advantage, as a cash purchase could help close the deal more quickly.
I'd be happy to provide you with more information about this great development opportunity. Please don't hesitate to reach out to discuss the details further.
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