This is a unique opportunity to purchase into the Port St George development at below market prices as part of a “Right to Buy” scheme, subject to the necessary planning consents being obtained (expected late spring/early summer 2007).
A “Right to Buy” enables the holder to buy a plot of land in the Port St George development, once planning is granted, and prior to its release on the open market, at a pre-arranged and discounted price.
A “Right to Buy” has the ability to be transferred, which is what makes this investment unique.
Currently an investor can purchase a ”Right to Buy” into the Port St George Development, and once planning permission is in place, use it to buy a plot for far less than the true market value
of the land.
The land, some of which includes 100 ft of dockage is expected to be valued at over $1m when released on the open market. Once planning permission is granted, plots can be purchased from as little as $320,000 plus the cost of the “Right to Buy”.
As the project is st
ill in its infancy, and currently awaiting planning permission, it makes this a very attractive and exciting time to get involved. |
