Explorers Drive & Jackey Jackey Streets, MISSION BEACH QLD – Mortgagee in Possession
On 5 September 2012, ARL took possession of this asset and appointed FTI to assist ARL in their role as mortgagee. The asset is made up of two irregular shaped vacant properties, totaling approximately 203.67 hectares. The property has extensive frontage to Jackey Jackey Street and Explorers Drive, South Mission Beach. The property is extensively cleared and is almost entirely surrounded by rainforest. The property has improvements including some clearing and pasture, rural fencing, aquaculture ponds and channels, two storage sheds and workshops as well as a low set residence.
A valuation of the property was conducted in November 2012 (due to the information being commercially sensitive the value cannot be disclosed). FTI appointed a local real estate agent to market and sell the property. In late April 2013, the property was contracted for $2,325,000 (exclusive of GST) and is now unconditional and due to settle mid October 2013.
The property market in Mission Beach is extremely difficult and this is considered a good result for investors.
- Forums
- ASX - By Stock
- OCV
- who's got the loot?
OCV
octaviar limited
who's got the loot?
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add OCV (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online