Phone Enquiry ID: 234815
Prime Inner-City Development Opportunity Dual Blocks, Strong Holding Income and potential Dual street Frontage
An exceptional opportunity to secure a rare landholding with immediate income and outstanding future development potential. Spanning two titles with a combined land area of approximately 759m² and 26.5 metres of frontage, this unique property presents multiple pathways for investors, developers, and land bankers alike.
Currently configured as a complex of six well presented units with combined 8 beds, 6 baths, and 13 off street parking. The property generates over $135,000 per annum in rental income, with possible rent increases, providing strong holding returns while future plans are realised.
Key Features
759m² total land area across two separate blocks
26.5 metres of combined street frontage
Six-unit complex
Returning over $135,000 per annum
Demolition approval already in place
Ideal development, land banking, or value-add opportunity
Additional Opportunity Rear Character Home
Positioned on a separate 362m² title, the charming character home at the rear is currently configured as three self-contained units. This property can be purchased separately for $1.7 million, presenting further income or development potential.
Combined, the holdings create well over a quarter acre of prime development land with dual street access, an increasingly rare offering in tightly held area.
Opportunities of this scale, with income, approvals, and dual street frontage, are rarely available.
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