4/22 Clements Street

Crookwell NSW 2583

Here's the deal:

1 x block of flat land (1,557m2) set in the lovely Crookwell town. This block is tucked away in nature, surrounded by trees and beautiful vistas.

(Also - there is a second identical block for sale next to this one if you're interested in expanding your portfolio. The list price is per block).

It's currently zoned for medium-density housing (townhouses, duplex etc.) for 800m per dwelling. After checking with a local architect, you can apply to the council to get a variation done to round the land up to 1,600m2, then subdivide the block into 2 x 800m blocks and build 2 x duplexes (i.e. 4 dwellings) and make a great profit.

Recent land sold prices (as of October 2024) are sitting around $275-300k for a similar sized block (under different zoning, and in a huge new development where everyone is building).

However, there are no services connected to the land yet. The water, sewer, road and power utilities are super close - you can arrange with council to get them connected once you've submitted an approved DA to build.

Because there are no services currently connected - I've discounted the land, despite the huge development and investment potential available with this potential subdivision.

As for the obvious question...

If this is such a good deal, why don't I put the services in myself?

Simple:

Because I moved overseas 3 years ago and it's super difficult to manage a construction project from the other side of the world. I have no plans to return to Australia anytime soon and I'd rather sell it than hold onto it.

If I was living in Australia, I'd be developing it myself.

So - if you're a developer, a builder or just an ambitious family man (or woman!), this is for you.

If that sounds interesting to you, then please - send me a message.

- John

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PS.  I can also provide you with the engineering drawings we had done for the road, sewer etc. free of charge if you buy the land ($6,600 value).

P.P.S. None of this is financial/business advice. Do your own research and talk to your own experts.

P.P.P.S. More details on the services:

Water and Sewer: Connected By Council once a DA has been lodged. Pricing TBC by council. Possibly part of developer contributions.
-          Water to be connected to town reticulated water supply - 100mm connection to exiting line on Stephenson St (approx. 80m)                                                                                                          
-          Sewer to be connected to town sewerage by mains extension - extend main from Stephenson or Tait St  (both approx. 180-190m)
 
Roads:
Construct from intersection of Stephenson St to frontage of Lot 3 & 4 On Clements St (approx. 90m)
-          Minimum 200mm compacted approved gravel
-          Minimum 7m wide sealed carriageway (2 coat bituminous seal)
-          Mountable Kerbing
 
Electricity:
-          Liaise with Essential Energy or other accredited providers as to availability. Would be applicable once a DA has been lodged. The electricity connection is available on the corner of Stephenson St (approx. 70m away).
 
Once the road has been constructed to Council's standards - Council will inherit the assets and will maintain as required.

To enquire, please email or call 1300 815 051 and enter code 2633