This Property is Under Offer
This Property is Under Offer

Investment Opportunity: 16 Acres of Penal Rock Road Freehold Land for sale

Price: $2,000,000

Property details

Listed In: For Sale , Land , Penal , South West 

Property ID: 257730
13 miles, Penal Rock Road, Penal, Penal 

Sq. Footage: 696960sq.ft.
Freehold Land

The 16 acres freehold land property is located 13 miles in Penal Rock Road, close proximately to electricity and water and has a lot of frontage along the road!

This area, on the Penal Rock Road, is developing and increasing in demand, as there are 2 developments selling lots a couple of miles away.  Fortunately, due to the location of these 16 acres, the  new owner(s) will benefit immensely (attractiveness, easy access and less infrastructural cost for utilities) from more frontage, on the Penal Rock Road itself, and closer proximity to the utilities than those lot developments.  Despite this advantage, the “cherry on the cake” is the listing price which is very conservative as the remaining available large parcels of land selling, on the Penal Rock Road, are advertised at $400,000/acre & $535,000/acre.   In reality, the conservative price of $2mil gives:

  1. The visionary Developer a viable opportunity to subdivide the 16 acres into lots, so that he/she will have a high level of flexibility or leverage with both the pricing of lots and the payment plans which can be offered to potential Buyers.
  2. The worthy Investor an option to profitably produce Teak and timber.  This parcel of land had Teak trees before it was cleared previously.
  3. The innovative Farmer a positive start in building a sustainable Agricultural venture, as farmers are finding it difficult to:
  • Locate Agricultural acres with both frontage on pitch road and close access to utilities.
  • Acquire parcels of land large enough and cost effective in order to have a viable farming enterprise.

Contact us now, at 740-4809, for a viewing appointment.

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