Media release - 28 June, 2012

Unique opportunity in QLD's employment 'super hub'

A rare investment opportunity is up for grabs in Queensland’s idyllic fishing town of Boyne Island, 25 kilometres south of resource and employment “super hub” Gladstone.

“The asking price for the spectacular home, located at 37 Lighthouse Drive, Boyne Island and comprising four oversized bedrooms plus an expansive office, is $1.3 million, and it has an estimated completion date of September 2012,” confirms Liana Wynne, Sales Consultant, Raine & Horne Gladstone, who considers this investment opportunity a stand-out for the booming Gladstone region.

Led by the $16.2 billion Gladstone liquefied natural gas (LNG) development, there are several gas refineries either under construction or consideration in and around Gladstone, while work on the refineries is expected to continue for the next two to three years, creating a 10,000-strong workforce in the process.

As an incentive for astute investors, the owner of 37 Lighthouse Drive, Boyne Island, is offering prospective investors a guaranteed 12-month lease back on the property for $2,000 a week, with an option of an extended 12 months.

“This incentive will guarantee investors enjoy an immediate and robust 8% return on investment, while they will also secure a quality, well-located real estate asset that should enjoy considerable capital growth,” says Ms Wynne.

Potential investors should also note that the opulent 517 sqm executive home, situated on a generous, sun-drenched 836 sqm block, with sweeping ocean views and a wrap-around lap pool, is being constructed by a leading builder, who is certain to deliver high quality finishes.

“The upper level of this luxury home comprises an enormous master retreat with walk-in-robe (WIR) and an ensuite with an extra powder room, as well as a fifth bedroom/office for use as desired,” says Ms Wynne.

There are also three extra large bedrooms with a bathroom and an additional powder room, which are both located on the ground level, along with an enormous sunken rumpus and games room leading to the covered patio and lap pool.

The magnificent home also boasts an open plan living room, dining and gourmet kitchen, which steps out to the large timber lined balcony encompassing the glorious views.

“The granite kitchen is an entertainer's delight, enjoying abundant bench space for serving and preparation. This is perfect for ease of serving onto the two large covered balconies located at the front of the premises,” says Ms Wynne.

The home also includes an extended double garage and a separate enclosed boat port for the water lovers.

“This superb home wants for nothing and is sure to be the envy of all the property’s neighbours.”

To add to this gilt-edged investment opportunity at Boyne Island, Ms Wynne is marketing further investment properties, including a new unit complex in Calliope.

“This quality development is currently in the pipeline, with units expected to sell in the late $400,000s when completed,” said Ms Wynne.

“With the rental price for new units currently sitting at around $500 per week, investors may also be interested in buying these units 'off the plan' in case of price increases after completion.”

Full details and sustainability declarations can be obtained by contacting Liana Wynne, Raine & Horne Gladstone on 0412 450 767 or 07 4972 1500.

-ENDS-

For further media information contact:

Liana Wynne, Sales Consultant, Raine & Horne Gladstone on 0412 450 767 or 4972 1500

Andrew Harrington, National Marketing & Communications Co-ordinator on 02 9258 5400

Guaranteed 12 month lease a significant incentive for investors looking to access the Gladstone real estate boom