Set on a generous 702m² (approx.) allotment, this solid concrete home offers an outstanding opportunity for investors, developers, or buyers looking to secure a property with plenty of future potential.
Known for its durability and long-lasting construction, the home features three well-sized bedrooms, a central bathroom, and a comfortable living and kitchen area. A double car space provides secure parking and added convenience.
Currently tenanted on a periodic lease at $300 per week, the property provides immediate rental income with the flexibility to increase the rent, move in, renovate, or explore future development opportunities (STCA).
With a rental appraisal of $420 – $440 per week, this property presents strong potential to improve returns. Additionally, plans and permits were previously issued on 22/03/2022 (buyers should conduct their own due diligence regarding current validity).
Whether you are looking to invest, landbank, develop, or create your ideal home, this property offers incredible flexibility in a growing Corio location.
Key Features
- 3 spacious bedrooms
- Central bathroom
- Solid concrete home built to last
- Comfortable living and functional kitchen area
- Double car space
- Generous 702m² (approx.) block
- Currently leased at $300 per week (periodic lease)
- Opportunity to increase rental return
- Rental appraisal: $420 – $440 per week
- Potential development opportunity (STCA)
Due diligence checklist: http://www.consumer.vic.gov.au/duediligencechecklist.
Disclaimer: All stated dimensions in the content and photos are approximate only.
Note: Every care has been taken to verify the accuracy of the details in this advertisement; however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.
