hi guys, iv been looking up rural land recently, and stumbled upon a rare land title for sale
the ad reads:
Extremely rare 1876 Victorian land title, which comes with its own 712sq mt’r parcel of land. The land actually has a bitumen run off which is currently (but rarely used these days), for a weigh station. This very unusual double sided title has been taken out of the frame in order to store better. It was explained (but not verified), that the actual title is a pig skin derivative as paper was a rare commodity in the early Victorian colony around this time. The land was earmarked for a school, but never proceeded with, as the new railway (at the time) was proposed to go nearby. As it is, this also abuts the property with its own crossing at the end of the road.
The main value of this sale is the unique and very rare title itself, however the 712sq mt’r parcel of land with its own highway runoff must be surely of some significant benefit to someone now or in the future. As this property has been sitting there for over 140 years, earmarked originally as a future school, then abandoned, it has had no usage requests for that period of time. It therefore currently does have some usage restrictions, so it would therefore, be the purchasers full responsibility to obtain any approvals to suit whatever may be required into the foreseeable future.
For the successful purchaser to proceed to actual ownership, it will be necessary to have their solicitors work with the vendors Solicitor to organise a correct and lawful change of ownership through the appropriate authorities. I do not expect with such a small price this will be a difficult exercise and the vendors solicitors will assist in every way possible.
It is anticipated that a 50% deposit be deposited with the vendors solicitor with the balance payable on settlement which should take no longer than one Month.
what do you think the actual title from 1876 is worth? i have no idea if it is of significant value or not
i have to do a little more research on the land itself, but it seems very cheap and seems like a great opportunity
what do you guys think? as i am new to property and not sure if this is a good deal or not
thanks in advance
the ad reads:
Extremely rare 1876 Victorian land title, which comes with its own 712sq mt’r parcel of land. The land actually has a bitumen run off which is currently (but rarely used these days), for a weigh station. This very unusual double sided title has been taken out of the frame in order to store better. It was explained (but not verified), that the actual title is a pig skin derivative as paper was a rare commodity in the early Victorian colony around this time. The land was earmarked for a school, but never proceeded with, as the new railway (at the time) was proposed to go nearby. As it is, this also abuts the property with its own crossing at the end of the road.
The main value of this sale is the unique and very rare title itself, however the 712sq mt’r parcel of land with its own highway runoff must be surely of some significant benefit to someone now or in the future. As this property has been sitting there for over 140 years, earmarked originally as a future school, then abandoned, it has had no usage requests for that period of time. It therefore currently does have some usage restrictions, so it would therefore, be the purchasers full responsibility to obtain any approvals to suit whatever may be required into the foreseeable future.
For the successful purchaser to proceed to actual ownership, it will be necessary to have their solicitors work with the vendors Solicitor to organise a correct and lawful change of ownership through the appropriate authorities. I do not expect with such a small price this will be a difficult exercise and the vendors solicitors will assist in every way possible.
It is anticipated that a 50% deposit be deposited with the vendors solicitor with the balance payable on settlement which should take no longer than one Month.
what do you think the actual title from 1876 is worth? i have no idea if it is of significant value or not
i have to do a little more research on the land itself, but it seems very cheap and seems like a great opportunity
what do you guys think? as i am new to property and not sure if this is a good deal or not
thanks in advance
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