Sydney, Australia — HOMEINGTON Land Developments Pty Ltd. is really making investors salivate at their state-of-the-art industrial enigma, the 100 hectares of magnificent ICON Morwell Innovation Park.
Featuring an amazing feat of industrial subdivision, the ICON Morwell estate attracted roughly 80 investors on Day-1 of the 33rd Australian Property Expo, 5th of October, at the ICC Sydney, Hall 1.
Property developers, logistic giants, storage facility providers, processing plant and factory owners were among the many industry leaders who raced to invest in ICON Morewell’s industrial land facilities.
What Investors found so lucrative about ICON Morwell estate?
Let’s dive into what made ICON Morwell Innovation Park such a show stealer with prominent industry leaders at the 33rd Australian Property Expo!
Off-the-plan Land Offerings
Buying undeveloped land is always a special opportunity that investors look for as they can scale up the value and profits from the land by a large margin in the future. Here’s ICON Morwell’s scheme that makes it so reasonably lucrative for investment.
Firstly, buyers can start with only a 10% down payment to a Holding Trust account, and the remaining amount is paid over 12 months from the initial payment.
Upon completion of the payment, Homeingtion titles the industrial land to the buyer’s name.
Land Development & Rental Support
HOMEINGTON ensures development contracts for every buyer who purchases ICON Morwell’s industrial lands. This engages construction, road and transport, utility and all things required to make your industrial land into a full-fledged operation facility that can be rented out to businesses.
During these 12 months of development, HOMEINGTON engages their dedicated real estate agents to find prospective tenants (businesses).
This process of finding tenants ensures at least 3 tenants from different fields of business (logistics, storage providers, manufacturing plants etc).
9-10% of Rents Yielded from ICON Morwell’s Industrial Land
The industrial land is developed according to the requirements of the tenants’ businesses. This ensures maximum rental yield once the land is ready for renting.
For example, a land property of 1,100 square meters sold at roughly $340,000 will yield 9-10% of consistent rental income, compared to investments in house properties that yields a rental income of only 3-4% at most.
15 years of optional tenancy
HOMEINGTON can introduce our buyers to First National Real Estate, located in Morwell, who may help the buyers with their tenancy agreement that is equally secure for both the buyer and tenants.
First National Real Estate helps buyers find suitable tenants starting with a minimum 5 years rental period. This can be extended to another 5 years and repeated till 15 years of tenancy.
Regional Development Australia (Gippsland, Victoria) pledges support
Investors have found immense confidence as permits and council approval will not be an issue. The Regional Development Australia–Gippsland, Victoria and local city council has pledged full support to all development activities for the industrial zone. This is a great assurance for investors.
What’s currently on sale?
ICON Morwell has already sold out 80% of Stage 1 and 30% of Stage 2 industrial lots.
ICON Morwell representative at the Australian Property Expo revealed that buyers are showing a special interest in the Stage A lots, which is a high-end commercial zone for bulky goods. To be specific, Australia Post, and other third-party logistic firms are competing to buy out Stage A.
For the sake of potential investors, let’s refresh our memory on what’s on the list:
- 10 hectares of commercial & retail hubs featuring showrooms, retail shops, offices, cafes & restaurants at the southern region of Icon Morwell estate.
- Parklands and Service Stations that offer state-of-the-art recreational and transport maintenance facilities to future staff.
- Direct access to Princess Freeway (M1) connecting major townships in broader eastern Melbourne.
- Storage & Industrial Warehousing facility spanning across Victoria’s Southeast industrial precincts; an undeniable prospect for logistics firms and storage facility providers.
- Latrobe Regional Hospital in close range to Gippsland Tafe.
- A Petrol station up for grabs for the big players like 7-Eleven, Caltex, BP and Shell as part of Industrial Lot C.
Most affordable unit price
1,000 – 19,000 square meters of lots are going for $200-$300 per square meters. These lots provide the advantage of joining adjacent lots together to get a larger parcel of off-the-plan industrial land.
The Day-1 of the Australian Property Expo brought great responses. Homeington Land Developments is thrilled to announce that many of our prime investment opportunities have already been secured by savvy investors eager to be part of our latest land development projects.
However, it’s still not too late as we go into Day-2 of the largest property expo in Australia.