Hi All,
A good friend's uncle has placed a deposit on a 2 bedroom apartment off the plan. The project is located in Kingswood/Penrith NSW . The complex is being built on vacant land across from the Nepean Hospital. The advertisement read :
BRAND NEW APARTMENTS
My concerns are :
thanks in advance. Sorry for such a long winded one just never had this issue before.
A good friend's uncle has placed a deposit on a 2 bedroom apartment off the plan. The project is located in Kingswood/Penrith NSW . The complex is being built on vacant land across from the Nepean Hospital. The advertisement read :
BRAND NEW APARTMENTS
- Nepean Private & Public Hospital precinct Off the plan, stage one
- Located on the corner of Great Western Highway & Parker Streets, Kingswood with access via Barber Street
- Located on levels 4 & 5, this world class development is a first for Penrith area
- Lower levels are retail & commercial premises
- Offering 1 & 2 bedroom apartments with all of todays comforts and security
- This is a fantastic opportunity for investors
- Starting from $325,000 for 1 bedroom. Over $399000 for 2 bedroom.
- Expected completion date 30th June 2017
My concerns are :
- Possibility of it not happening at all ? I have seen portables and clearing there.
- Am I paying too much for a 2 bedroom unit.
- Is this a niche market being surrounded by doctors, medical services, clinics etc ?
thanks in advance. Sorry for such a long winded one just never had this issue before.