Address: ‘Oyster Point’, Lot 2, Macwood Road, Smiths Lake, NSW 2428

Completion Date: 2017

Type: Land

Land Area: 9 ha (22 acres)

Services: Acquisition

Description: Bramford purchased this vacant land site alongside an investment partner in 2015. Located in a popular holiday town, known for its water recreation and leisurely lifestyle, the site is zoned RU5 Village and E2 Environmental Conservation, providing several options for development including dwelling houses (residential subdivision), child care centres and recreational facilities such as glamping. The site was sold in 2017 with a concept plan created for 22-27 residential lots, achieving circa 190% uplift in value on initial purchase price.

Purchase Price: $500,000

End Sale Price: $1,450,000

Margin: 190%