For investors looking beyond the ordinary, 16 The Pines Grove presents an exciting opportunity to secure immediate rental income today while planning for what could come next.
Positioned on 596m² (approx), this valuable corner allotment overlooking Pines Grove Reserve offers the dimensions and accessibility that will have developers exploring its future subdivision or redevelopment potential (STCC).
And while those plans take shape, the existing three-bedroom home is already working for you.
Currently leased at $550 per week until 3 August 2027 by a long term tenant, investors can enjoy an established income stream from day one while investigating the site's longer-term possibilities.
A future redevelopment could open the door to multiple investment strategies. Build, retain and rent new dwellings to create additional income-producing assets, with eligible investors potentially benefiting from depreciation, deductible investment expenses and negative gearing depending on their individual circumstances and finance structure (Independent financial and taxation advice should be sought).
Alternatively, develop and sell, retain one and sell the other, or create a new home for yourself - this corner position provides plenty to think about.
For first-home buyers, there's another compelling option: secure a freestanding three-bedroom home on a substantial allotment and enjoy the greenery of Pines Grove Reserve directly opposite.
Features
• Approx. 596m² corner allotment
• Future subdivision/development potential (STCC)
• Three bedrooms & central bathroom
• Single-car garage
• Overlooking Pines Grove Reserve
• Currently returning $550 per week
• Fixed lease until 3 August 2027
• Immediate income while exploring future plans
• Potential future investment and tax advantages
Invest now. Earn from day one. Develop for the future.
Contact Tony Hvasanov 0430 312 199 now to avoid disappointment.
*Disclaimer: Raine & Horne Unley try their absolute best to obtain correct information for this advertisement. The accuracy of this information cannot be guaranteed, and all interested parties should seek independent legal advice if they wish to proceed. Any prospective purchaser should not rely solely on 3rd party information providers to confirm the details of this property or land and are advised to enquire directly with the agent in order to review the certificate of title and local government details provided with the completed Form 1 vendor statement
**Certain images have been digitally enhanced with virtual furnishings to showcase the home's potential layout and lifestyle possibilities. Furniture and styling shown are for illustrative purposes only.
