BY APPOINTMENT ONLY
Everything you could ask for from a currently zoned R25 (proposed R40) Development site. So many options whether you're a first time investor, a developer or just want that Big family home and a cash cow investment for later, the choice is yours!!!
So what does this exciting opportunity offer, you might ask......
Well here are a few ideas and options you may want to consider.
Option 1
Continue to rent out 5 bed 2 bath home with a current rental income of $470 p/week and develop later.
Option 2
Continue to rent out existing 5 bed 2 bath home and potentially subdivide whilst receiving a rental return (Subject to relevant authority approval).
Option 3
Move in and live in existing home whilst you potentially subdivide the block in two and retain or sell rear block (Subject to relevant authority approval).
Option 4
Subdivide now and sell both the existing home on new block and rear block and cash in! (Subject to relevant authority approval).
Option 5
Continue to rent out or live in home and wait until proposed R40 rezoning occurs and build a 3 unit site.
Property Features
908sqm block with R25 zoning and subdivision potential (subject to relevant authority approval)
Proposed R40 Zoning (potential of 3 unit site if new zoning proceeds)
Attractive rental return of $470 p/week with current tenant happy to renew for long term period
Large 5 bed 2 bathroom home with several large living areas and study
Recent renovations to kitchen and fixtures
Split system reverse cycle air-conditioning and instant gas hot water system
Roller blinds on most rooms
New fencing
Large workshop
Single carport
Wide side access great for subdividing
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