Currently leased until the 28TH of February, 2018, at $250.00 per week, this solid cream brick home is the ideal ‘land bank’ now or potential to develop later. The corner site would make it ideal to subdivide with potentially one unit facing each street with no common ground. As it stands the home is in good condition with an excellent tenant, secure until next year. This provides you with a gross return of more than 5% should you wish to hold the home for some years. It has three bedrooms, timber floors and externally there is a steel garage and ample yard space. This is the ideal investment given its rental return and more importantly it’s zoning allowing for high density development.
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