607m² Flood-Free Corner Allotment | Fire-Damaged Dwelling | Serious Sale
There is no point dressing this one up.
3 Fraser Street, Leichhardt has suffered EXTENSIVE FIRE DAMAGE damage and the owner wants it SOLD.
The property has previously attracted interest and negotiations, however those discussions have now concluded and the property is returning to the open market.
Importantly, this is not being presented as a cosmetic renovator or a simple repair project.
The existing 1970s highset dwelling has been severely compromised by fire, and feedback received from builders and buyers who have previously inspected the property indicates that the extent of the damage may make restoration impractical. Buyers should therefore make their own investigations and approach the property with the possibility that demolition and a fresh start may be the most realistic outcome (STCA).
And that is where the opportunity becomes interesting.
Beneath the damaged dwelling is a level, flood-free 607m² corner allotment offering excellent street access and the flexibility that comes with a prominent corner position.
THE OPPORTUNITY
• 607m² level corner allotment
• Flood-free location
• Excellent corner access and street frontage
• Existing fire-damaged 1970s highset dwelling
• Property secured and boarded for safety
• Potential demolition and redevelopment opportunity (STCA)
• Sold strictly "AS IS, WHERE IS"
• Owner's instructions are clear - this property must be sold
For builders, developers or buyers searching for a site where the value may ultimately lie in the land rather than the existing improvements, 3 Fraser Street deserves serious consideration.
INSPECTIONS & SAFETY
Due to the extent of the fire damage and the potentially compromised condition of the structure, general access to the dwelling is not permitted.
The property is currently fenced and secured for safety. Drive-by inspections are encouraged to appreciate the position, surrounding neighbourhood and block itself.
Any approved on-site inspection will be strictly by prior arrangement and subject to appropriate safety requirements.
THE MESSAGE IS SIMPLE
The previous negotiations are over.
The property is back on the market.
An auction campaign is upcoming.
The owner wants it sold.
If you have been watching this property, previously considered it, or believe you can see an opportunity others may have overlooked, now is the time to get back in touch.
3 Fraser Street, Leichhardt - opportunity starts with the land.
Disclaimer: Whilst all care has been taken in the preparation of this advertisement, no responsibility is accepted for the accuracy of the information contained herein. All information has been provided by third parties and is subject to change. Interested parties should make their own enquiries and satisfy themselves as to the accuracy of all details.
