Sometimes an opportunity comes along that offers far more than just a property, and 727 Main Road, Berriedale, is one worth serious consideration. With concept drawings available for two units following demolition of the existing home, or the potential to explore adding another dwelling to the generous backyard (STCA), this is an exciting prospect for investors, developers and buyers looking to unlock future value.
Positioned in a convenient location just minutes from the iconic MONA and Claremont Shopping Centre, this property offers a combination of immediate rental income and exciting future possibilities.
An investment that starts working for you from day one. The existing three-bedroom home is currently rented until July 2027, providing an established tenancy for the new owner. With some minor improvements, including the addition of built-in wardrobes and a heat pump, the rental return could potentially reach $600 per week, subject to market conditions and tenant arrangements.
The home features a lounge room with ornate moulded cornices, a generous dining area, functional kitchen, three bedrooms, bathroom, separate toilet and practical storage. The spacious backyard adds further appeal, offering room to enjoy now while providing an opportunity to explore the property's longer-term potential.
For developers and astute investors, the possibilities are particularly appealing. Concept drawings are available for a proposed two-townhouse development following demolition of the existing home, subject to the necessary approvals and requirements. Alternatively, the generous land size may provide scope to investigate constructing an additional dwelling at the rear, potentially taking advantage of beautiful views towards kunanyi / Mount Wellington. Any proposed development would require confirmation of planning feasibility and council approval.
Whether you choose to retain the existing home as a rental, make modest improvements to enhance its appeal, or investigate a future development opportunity, this property offers several options to consider.
The location adds further appeal, with the River Derwent and scenic Windermere Track nearby, MONA just minutes away, and the shops and everyday conveniences of Claremont within easy reach.
Immediate rental income, potential to improve returns and exciting development possibilities, all in one package.
If you're an investor, developer or buyer with vision, 727 Main Road, Berriedale, deserves a closer look. Explore the possibilities and discover the potential this property could hold for your future.
The information contained herein has been supplied to us and we have no reason to doubt its accuracy, however, we cannot guarantee it. Accordingly, all interested parties should make their own enquiries to verify this information.
All timeframes and dimensions are approximates only.
