Looking for Duplex Site in Sydney's Eastern Suburbs

Hi All

I'd love to hear from agents or others about any properties as I am currently in the market for the following:

What:

- Potential Duplex site (550-600m2 with a 18m frontage min.)
- May or may not be already DA Approved​

Where:

- Maroubra & surrounding areas​

When:

- Now.​

Who:

- Any private sales or agents
​

If you want to get in contact with me, please email me at [email protected] or private message me.


Pete

 

Budget?

 

$1.8M - $2M purchase price

 

For that budget, I would also be keen to know if I can purchase a dual occupancy potential in that area.

 

Hi Peter,

If you have a budget like that, you will be better off buying a land subdivision site in Qld, and make between $800k-1mln profit by subdivision- more straightforward, less hassle.

55 Morgan st Bellbird Park QLD 4300 - House FOR SALE #4164270 - https://www.atrealty.com.au

57 Morgan st Bellbird Park QLD 4300 - House FOR SALE #4164310 - https://www.atrealty.com.au

I would like to buy, but unfortunately, i don't have enough money to purchase it.
Good luck!

i am open to jointly buy it with someone though.

Fullrun

 

I'd be interested in finding out how you get to those numbers etc. We own a property in Camira so I know the area. It looks like subdivision would not be possible without a few new streets put in there, so is this a longer term land bank strategy?

 

i have seen feasibility study/deal calculation by two investors that indicated subdivision profit of that much for a land of 8000-14000 sqm (some with easement).