****OPEN FOR SATURDAY 19TH NOVEMBER HAS BEEN CANCELLED****
Presenting an amazing opportunity to invest, develop or reside in one of Bendigo's highest growth corridors right in the heart of the Bendigo Hospital and Lake Weeroona Precincts! Set on a sizeable parcel of land measuring approximately 1200m2 with over 20m frontage to Ryan Street, this versatile property is ripe for development and will quickly turn your capital into profit!
The land undulates gently to the rear, revealing a relatively flat building pad for you to subdivide and develop for two quality double storey townhouses (STCA) that will sell or rent well in a top shelf location. Perhaps the best selling point for these will be the potential views across Bendigo that you can take advantage of thanks to the elevated position of Ryan Street and its surrounds!
The existing 1950's weatherboard home is positioned in the middle to the front of the block, leaving good access one side for a shared driveway and the other for a its required car space. The charming residence is reasonably good order throughout, with a little work required to bring it up to minimum standards and gain an estimated income of between $360-$380 per week in rent.
The floorplan features two bedrooms, both have ceiling fan and a split system unit. The central bathroom that separates them is in good order and boasts shower, claw foot bath and toilet. Lovely hardwood timber floors adorn throughout, as do big timber windows and French doors typical of the era that allow loads of natural light. A split system unit heats and cools this section of the home. The kitchen has been updated over the years and is neat and serviceable, whilst the spacious living/dining sits underneath exposed beams and ceiling fans, and has a feature brick fireplace as its focal point. French doors open out onto a veranda that takes in the yard and beyond, whilst and external laundry and second toilet are accessed from here. All in all, it is a fantastic little rental or renovator to compliment what you build behind and there would still be ample room for an alfresco area and garden once you subdivide.
Most of the 1200m2 yard has been established with lawn and garden, and there is driveway access all the way to the rear of the block from the front. There are numerous sheds at the rear, all measuring substantial sizes and great for a tradesperson in the interim but would make way for progress once your permit arrives!
Opportunities like this don't come along every day. This one looks pretty straight forward and is in premium location a stones throw from the Hospital, Lake Weeroona and walking distance to the CBD of Bendigo. It's ripe and ready to go, so call now to arrange an inspection to get the ball rolling!
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