Thinking of selling or wanting honest genuine advice? Feel free to contact Joseph for all your property needs.
DEVELOPMENT POTENTIAL
So many possibilities -
R3 zoned, falls within the indicative Low and Mid-Rise (LMR) Housing Policy area, under the Transport Oriented Development (TOD) provisions, uplift and development potential for residential Apartments and 16 metre height limit, (Subject to Council Approval.)
Now is your chance to secure this huge parcel of land in the highly sought after suburb of Regents Park.
With a massive frontage of over 20m this property has endless potential.
Currently approved for 6 townhouses with basement parking.
Other development opportunities - (Subject to council approval)
- 2 detached homes with granny flats
- 2 detached 2 storey homes
- 1 grand home
House:
- 3 bedrooms
- Freshly painted
- Timber floors
- Updated kitchen
- Updated bathroom
- Rent potential $750 per week
Granny flat:
- 2 bedrooms
- Front porch
- Spacious lounge
- Modern kitchen and bathroom
- Currently rented at $500 per week
Land size - 20.11m X 45.55m = 916m2 (approx.)
Returning a Gross amount of $65,000 per annum, with potential to increase the return.
Current Zoning also allows for Child Care Centre, Co-living, NDIS Group Homes and Boarding House.
An opportunity not to be missed.
Plans available upon request.
- INSPECT BY APPOINTMENT -
Disclaimer:
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