The site is in the heart of Bundaberg and has development approval for a 5 story 15 unit development.

Contrabart is offering an interest free 30% loan ($337,500) secured by a second mortgage.  This means you can secure the site for $787,500 cash (or a first mortgage loan).  On settlement Contrabart will pay the vendor $337,500 in trade dollars which the vendor can convert to building products.  The second mortgage is therefore a loan from Contrabart, not vendor finance.

Bundaberg is the most southerly gateway to the Great Barrier Reef.  Not far from the town are Lady Musgrave Island and Lady Elliott Island and 140 kilometres of unspoilt beaches.