Invest, Develop or Land Bank The Choice Is Yours!
Positioned in the highly sought-after suburb of Redlynch, this property presents an outstanding opportunity for savvy investors, developers or those looking to secure a valuable site for the future.
With current development approval for four townhouses and a duplex comprising two villas, the property offers exciting potential, multiple development options and an existing rental income stream.
DA-Approved Development Potential
The approved plans comprise:
? Four stylish townhouses, each featuring two bedrooms and two bathrooms.
? A duplex with two three-bedroom villas, each featuring a master bedroom with ensuite, galley-style kitchen and lock-up garage.
Three Opportunities in One
OPTION 1 Develop in Stages
Retain the existing residence while constructing the four townhouses at the rear of the property, subject to the approved plans and any applicable conditions. This provides the opportunity to maintain rental income while commencing development.
OPTION 2 Maximise the Development Potential
Proceed with the entire approved development in one project, creating a substantial residential investment opportunity in a highly desirable location.
OPTION 3 Land Bank for the Future
Secure this prime Redlynch property and benefit from an existing rental return while holding the site for future development.
Existing Home with Rental Income
Currently returning $680 per week until 14 January 2027, the substantial two-storey residence offers generous space and versatility.
The home features multiple rooms and a full self-contained apartment downstairs, complete with a stylish kitchen, bathroom, laundry, storage and living area.
This existing dwelling provides flexibility for investors, with the potential to retain the home and its rental income while exploring the site's approved development opportunities.
A Rare Opportunity in a Sought-After Location
Whether you're looking to develop, invest or secure land for the future, this property offers flexibility, immediate income and exciting possibilities in one of Redlynch's desirable residential locations.
Opportunities like this deserve your attention. Explore the potential and make your next move.
