An exceptional investment and redevelopment opportunity awaits at 8 Mulligan Street. Positioned on a substantial site, this property comprises a block of nine one-bedroom units, all held on a single title and currently rented on month-to-month agreements.
The flexible tenancy arrangements provide the ideal opportunity for an investor or developer to refurbish and modernise the complex - either all at once or progressively over time - unlocking the site's full income potential.
Adding even greater appeal, the adjoining property at 6 Mulligan Street is also available for purchase. Set on 793m², the combined landholding of 6 & 8 Mulligan Street totals an impressive 1,728m², presenting exciting possibilities for future redevelopment or expansion (STCA).
A new unit complex developed alongside the existing facility could create a highly desirable residential investment in a growing location. Opportunities with this level of flexibility, income, and development potential are increasingly hard to find.
For further details, contact Richard Gibbins or Yvonne Carr today.
DISCLAIMER: Whilst we deem this information to be reliable the agent cannot guarantee its accuracy and accepts no responsibility for such. Interested persons should rely on their own inquiries.
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