Situated on a freehold title (approx 855sqm) there is potential to develop the site to accommodate up to 7 townhouses! Subject to council approval.
Benefits:
• Site can accommodate 7 x 2 to 3 bed (2 level) townhouses – fee simple titles
• Concept plans available for 2 and 3 bedroom townhouse design – resale value around $825,000 to $950,000
• Ideal rectangle shape for development potential (subject to council approval)
• Drainage and stormwater available.
• Topography report completed and can be supplied
• Engineering drawings can be supplied
• Lovely home totally renovated 3 years ago with tenants paying $600 per week – they are wanting to stay long term
• Level site approx 855sqm – freehold title
• Current resale value of 2 bedroom townhouses around $825k each, 3 bedroom townhouses around $950k each
• Amazing land bank. High rent, lovely renovated home (insulated, heat pump, modern kitchen and bathrooms)
This renovated circa 1950s property is ideal as a home or keep the tenants and add to your investment portfolio. Property includes 3 bedrooms, bathroom, modern kitchen and sleepout cabin as 4th bedroom plus single garage and off street parking.
HURRY, this won’t last long contact Tina Lum 021 653818 to book your viewing.
Viewings are by appointment at the property.
Price advertised is plus GST (if any) – We recommend you seek financial advice if you are unsure if GST applies to you.
All information about the property has been provided to Inspire Real Estate by third parties. Inspire Real Estate has not verified the information and does not warrant its accuracy or completeness. Buyers should make and rely on their own enquiries in relation to the property.
