If you're searching for a genuine renovation project with the potential to add significant value, 325 Edward Street sits on 929.5m2 block defintly deserves your attention.
This duplex presents a unique opportunity, combining immediate rental income from the front unit with a substantial renovation challenge at the rear. The back unit has sustained significant damage through circumstances outside the owner's control and requires extensive works before it can be occupied.
Unit 1 Income Already in Place
Currently leased at $250 per week
Two bedrooms
Open kitchen, lounge and dining area
Air conditioned
Carport
Garden shed
Unit 2 Renovators, Builders & Investors Take Note
Two bedrooms
Kitchen and dining area
Requires extensive renovation throughout
Significant repairs and restoration needed
Opportunity to completely redesign and reconfigure the layout to suit your vision
Ideal for buyers looking for a project with the potential to create additional value
This is not a cosmetic renovation. The rear unit requires substantial work and should be considered a major renovation project. For the right buyer, however, this provides the rare opportunity to start with a clean slate and create a modern dwelling tailored to your own design and specifications.
Whether you're an experienced renovator, builder, or investor looking to unlock future potential, this property offers the chance to transform a damaged asset into a rewarding investment.
Bring your vision, your tools, and your imaginationopportunities like this don't come along every day.
Contact Emily Simpson at Hennessy Real Estate today on 0429 925 for more information and to arrange your inspection.
