Are you looking for a new building project you can immediately start on without delay?
Do you want to build & hold your investment for a strong rental return, rather than build to sell?
Then this is the property for you!
An excellent opportunity awaits to purchase this ready to go DA & CC approved 3 x two storey villa development in South Windsor which has all the hard work done including the service contributions paid to Council.
A short stroll from Windsor Train/Bus station, South Windsor Shopping complex and historic Windsor Town Centre, the property currently features a 1960's dwelling with shed on an R3 zoned approx 765m2 fenced block which is leased for $445pw to tenants on a month by month lease.
Approval consists of 2 x attached 4 bedroom villas with double garage, plus single 3 bedroom villa with double garage (not subdivided or strata titled).
In the current lease market conditions the projected returns would be $600pw for the 3 bedroom villa and $650pw for the 4 bedroom villas (though note this market is subject to change and these appraisals will need revision prior to build completion to ensure accuracy)
The DA plans and approvals are available with the contract of sale for your perusal, and we would love to chat through all the property offers (with a personal site tour available) at your convenience.
For budgeting purposes annual council rates are approx $2866 with annual water rates approx $50 plus usage costs.
Disclaimer:
Best Nest Property urges you to obtain professional advice before proceeding with any investment or property related decision. All information contained herein is gathered from sources we deem to be reliable, or has been passed to us by third party services; we cannot therefore guarantee its accuracy and interested persons should rely on their own enquiries and investigations.
