Welcome to 73 Yarrabee Street, Griffith - a unique development opportunity that combines location, potential, and convenience. Nestled on a substantial 1005m2 block, this property presents an exceptional canvas for those seeking to create something truly special. With a comfortable 3-bedroom, 1-bathroom home boasting a 2-car garage already in place, this property offers a solid foundation for your visionary ideas.
One of the most distinctive aspects of this property is the comprehensive development groundwork that has already been accomplished. The demanding process of obtaining Development Approval (DA) has been successfully navigated, opening the doors to a remarkable project. Specifically, the property boasts a fully authorized DA for the construction of three distinct 2-bedroom units. This not only saves time and effort but also streamlines the journey towards transforming this property into a prime residential complex.
One of the outstanding advantages of this development opportunity is its strategic approach to execution. The property has been thoughtfully structured to allow for development in two progressive stages. This ingenious approach ensures that a consistent rental income can be maintained during the developmental phases, enhancing financial stability throughout the transition. The home is currently rented to a multi-national company for $420 Per week
Strategically positioned directly across from the prestigious Griffith Regional Sports Centre, this property benefits from its close proximity to world-class recreational and sports facilities. The Griffith Regional Sports Centre, a multimillion-dollar establishment, has recently been expanded to include an impressive array of amenities.
In summary, 73 Yarrabee Street, Griffith, presents an unparalleled opportunity for developers and investors alike. With a sizeable block, existing home, and DA approval for a trio of 2-bedroom units, the potential is undeniable. The two-stage development approach guarantees steady rental income, making this venture not only visionary but financially astute. Situated opposite the state-of-the-art Griffith Regional Sports Centre, the property enjoys an enviable location that combines sports and leisure in a thriving community. Seize this chance to contribute to the future landscape of Griffith - inquire now to embark on a journey of transformation and possibilities.
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