Great Investment with Re-Development Potential!This large 1,452M2 block presents multiple possibilities. One option is to redevelop the property into townhouses or villas subject to council approval. The other option is to rent out the existing duplex and achieve great rental returns.
Located near all the important amenities like shops, schools and public transport, there have been other sites redeveloped in the same area.
Each residence has 3 bedrooms and 1 bathroom plus plenty of off street parking and separate yards. The combined rental return is between $740-$790 per week.
Residence 1 has built in wardrobes in each of the large rooms, a large eat in kitchen, large living room and internal laundry. It also has a large covered and paved entertainment area. The 2nd property has been recently renovated and has 3 bedrooms, open plan living and dining area and an internal laundry.
* Large block of land 1452sqm.
* Redevelop subject to council approval or rent it out.
* Two residences both 3 bedrooms with separate yards.
* Excellent rental return between 740-$790 per week.
* Located near shops, schools and public transport.
* Market rent is: $740-$790
* Council rates: $2191.87
* Water rates: $673.68 per annum + usage
* lower level: 84m2
* Ground level: 112m2
DuplexSemi-detached Features & Amenities
- Bedroom: 6
- Bathrooms: 2
- Off Street Parking: 4