Mittagong, NSW
Southern Highlands development parcel acquired with a pre-lodgement planning position in hand.
- Purchase price
- $2.90M
- Valuation uplift
- +$410K
- Gross yield
- 4.6%
- Income
- $1,850 pw
The brief
A syndicate targeting lifestyle-corridor demand wanted a site where the planning outcome could be scoped with council before committing capital.
Why we bought it
- 01
Pre-lodgement advice secured
Council pre-lodgement feedback was obtained before the offer was made, de-risking the intended yield.
- 02
Lifestyle-corridor demand
Sustained inbound migration to the Southern Highlands supports both sale and rental demand for the eventual product.
- 03
Existing income through the process
The current dwelling is leased, covering holding costs while the planning pathway is progressed.
Asset detail
- Land area
- 2,100 sqm
- Zoning
- R2 — low density
- Interim income
- 1 dwelling leased
- Indicative yield
- 4 townhouses
- Council position
- Pre-lodgement feedback obtained
- Independent valuation
- $3.31M
The acquisition
- Step 1Syndicate mandate confirmed: lifestyle-corridor development site.
- Step 2Shortlisted sites tested with council at pre-lodgement stage.
- Step 3Feasibility modelled against the indicated four-townhouse yield.
- Step 4Purchased at $2.90M with the existing tenancy retained through planning.
Outcome
Pre-lodgement planning position secured ahead of a formal DA; site revalued at $3.31M.