The Mills Subdivision, Site 3 Land Offerings, Lot 1 Glebe Road, New Norfolk, TAS 7140

On behalf of the mortgagee in possession, Elders Commercial are offering for sale the balance land at The Mills Subdivision in New Norfolk, Tasmania.

The approved site comprises approximately 500 balance lots, which are a mixture of titled lots, lots completed but not yet titled, and approved englobo land.

Elders Commercial are selling the properties in three distinct parcels via an Expression of Interest campaign, giving buyers the chance to purchase titles individually or in-one-line.

Offering 1 - Investment Highlights;

• 20 titled lots available to be purchased in-one-line

• Opportunity for purchasers to either sell down the individual titles at retail prices, or build residential dwellings and sell completed homes to the housing market

• Lots are situated on a north-facing bank with all day sun

• Suits builders and investors, both build to sell and build to rent

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Offering 2 - Investment Highlights;

• Englobo residential land with approval for 160 lots, with 36 lots completed and ready to be individually titled

• Attractive subdivision opportunity with immediate cash flow from the sale of the completed lots

• Development approval benefits from being substantially commenced, thus no permit expiry date

• Adjoining existing residential community, with modern homes

• Existing brand equity in The Mills subdivision brand

Offering 3 - Investment Highlights;

• Significant land holding of approximately 108ha

• 321 lots, comprising standard General Residential lots, up to larger 1HA Rural Living lots

• Approved DA for 30 Luxury Cabins

• Suit developer, land-banker or tourism operator

The offerings are for sale either individually or in-one-line via Expressions of Interest closing Thursday 19 September at 4pm.

For further information please contact George Burbury or Matthew Wallace

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