This vacant allotment, and the neighbouring property (95 McFarlane St), can be purchased together or separately in an opportunity that only gets better the closer you look.
LARGER INVESTMENT PROJECT ...
The current owners of both properties have worked with designers to come up with a plan aimed at securing Federal Government funding under the Housing Australia Future Fund (HAFF). Essentially the fund is designed to provide affordable housing to address the national housing crisis.
Landowners can potentially partner up with charitable organisations to provide housing with the building project funded by the HAFF. The Government then leases the residences back for 30 years with rental income pegged to the CPI.
The rental income is then split between the charitable organisation and the landowner at a rate negotiated between the two parties.
In this plan (which covers both 95 and 101 McFarlane Street) there would ultimately be six modular builds - see plan in this listing. The two-stage plan would see the demolition of the house on 95 McFarlane Street to make way for the final three modular homes.
It is important to note that though the plans seen here have been prepared by professionals with experience in this field, there is no guarantee that a HAFF application would be successful. It is important that buyers do their own research before committing to the sale.
Note also - each allotment will require a separate contract of sale.
More information on HAFF - https://www.dpie.nsw.gov.au/land-and-housing-corporation/plans-and-policies/housing-australia-future-fund
EXISTING IMPROVEMENTS ...
The existing home on 95 McFarlane is a neat 3 bedroom brick home renovated in recent years offering views over a neighbouring reserve from the back veranda.
There is also a shed in the front yard accessed from McFarlane Street via a driveway.
There is a tenant in place at present paying $380 per week on a periodical lease.
With interest rates tipped to drop further in 2025 it is time to jump into the market before it jumps again.
Book your inspection today and don't be shy with offers - our vendor is keen to move this property on.
Please see link below for neighbouring property (95 McFarlane Street, South Grafton).
https://lifestylegroup.com.au/property/95-mcfarlane-street-south-grafton-nsw-2460/
Terry Deefholts Licence No. 20416801
DISCLAIMER: The information contained in the advertising of this property is based on information provided to the agents, and the vendor and agents expressly disclaim any liability arising therefrom. The accuracy of the information cannot be guaranteed, and prospective purchasers should make their own enquiries and form their own judgement as to these matters
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Terry Deefholts Licence No. 20416801
DISCLAIMER: The information contained in the advertising of this property is based on information provided to the agents, and the vendor and agents expressly disclaim any liability arising therefrom. The accuracy of the information cannot be guaranteed, and prospective purchasers should make their own enquiries and form their own judgement as to these matters
