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Offline j15


  • Joined: Oct 2006

  • Location: Sydney
Road trip to check it out? I'm guessing between $2-3m

Would have thought more than that. $2-3m would barely cover the cost base of the land, building the road, installation of services all over the property, etc.



Offline Joel


  • Joined: Oct 2009

  • Location:
  • Drives:
Would have thought more than that. $2-3m would barely cover the cost base of the land, building the road, installation of services all over the property, etc.

I wouldn't personally pay more then $3m. I guess it's worth what someone is willing to pay. To build all the properties it has the DA for would cost a bomb. Then you have to try sell it.



Offline dodger

  • Tommy Gunna

  • Joined: Dec 2009

  • Location: Melbourne
I've put a call into the agent.......my guess with those improvements it would be closer to $10m

I'll let you know when he gets back to me...........lazy bastards real estate agents.



Offline allanuber


  • Joined: Aug 2007

  • Location: Sydney
  • Name: Al
I've put a call into the agent.......my guess with those improvements it would be closer to $10m

I'll let you know when he gets back to me...........lazy bastards real estate agents.

Awesome, thanks man.
C'mon, do it!



Offline allanuber


  • Joined: Aug 2007

  • Location: Sydney
  • Name: Al
Road trip to check it out? I'm guessing between $2-3m

Lets see what number Dodge knocks them down to first!
C'mon, do it!



Offline dodger

  • Tommy Gunna

  • Joined: Dec 2009

  • Location: Melbourne
Ok they're looking at around $10m (good guess of mine)

The road cost about $3.5m

Yes you could reconfigure the road into a track of sorts.

Underground power is already in for the units and you could start building today.

Sooooooo, Set it up as a retreat for exotic car nuts, accommodation etc and it's own track.

Truck the cars in perhaps or have that facility, the boys can arrive by chopper.

Put a helipad in (just flatten an area somewhere) in case of serious accident.

MHH could put the whole project on his Gold Amex without going over his limit and I'd like first go round the track, get the chopper to stand by as the Lexus gets a bit jittery over 300kph in corners.



Offline Joel


  • Joined: Oct 2009

  • Location:
  • Drives:
Jesus. Be interested to see what it sells for.



Offline dodger

  • Tommy Gunna

  • Joined: Dec 2009

  • Location: Melbourne
Jesus. Be interested to see what it sells for.

The owner has another 100 acres next door.
His background is building golf courses.



Offline Joel


  • Joined: Oct 2009

  • Location:
  • Drives:
The owner has another 100 acres next door.
His background is building golf courses.

Kangaroo valley is roughly 2-2.5hr drive from Sydney. That's why I would be interested. It's very much a holiday house location.



Offline dodger

  • Tommy Gunna

  • Joined: Dec 2009

  • Location: Melbourne
Kangaroo valley is roughly 2-2.5hr drive from Sydney. That's why I would be interested. It's very much a holiday house location.

Put a syndicate together...
You'd have to see it and assess the potential for income, if this guy is selling it you need to be careful and find out why as he's an experienced operator by the sound of it.



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