Positioned on approximately 3.3 hectares (8.15 acres) in Walcha, 220W Hill Street presents a substantial landholding with an appealing combination of existing improvements, rental income and future potential.
With R1 General Residential zoning and a 700m² minimum lot size, the property presents an opportunity for developers and investors to explore its future potential, subject to council approval. The substantial landholding provides scope for a range of possibilities, making this a property worthy of close consideration.
The existing property comprises a three-bedroom, one-bathroom residence together with a separate studio featuring its own bathroom and entry.
The residence offers generous living spaces, a well-appointed kitchen, reverse-cycle air conditioning, a cosy wood fire and a fully enclosed covered deck. The separate studio adds valuable flexibility and could suit a range of uses.
Outside, the property provides extensive garaging and storage, including a large shed, offering plenty of space for vehicles, machinery, hobbies and additional storage.
The residence is currently tenanted, providing an existing income stream while the property's longer-term potential is considered.
Property Highlights
• Approximately 3.3 hectares / 8.15 acres
• R1 General Residential zoning
• Three-bedroom, one-bathroom residence
• Separate studio with own bathroom and entry
• Currently tenanted
• Spacious living areas
• Well-appointed kitchen
• Reverse-cycle air conditioning
• Wood-fire heating
• Fully enclosed covered deck
• Large shed
• Extensive garaging and storage
• Significant development potential, STCA
