Offering a compelling combination of rental income, landholding and surrounding development activity, is an opportunity that will appeal strongly to investors, developers and buyers looking to secure a property with future potential.
R3 zoning on 569m2 parcel of land with 18.9m frontage currently rented at $570 per week, providing an immediate income stream while allowing the astute purchaser to consider the property's development opportunities.
A major feature is development activity with the option to purchase the property at 4 Devlin St, Ashcroft, with the adjoining properties currently DA approved for 7 townhouses, incorporating a combination of attached duplex-style dwellings and freestanding residences.
Duplex Development Potential
The property provides also another potential to explore the development of duplex dwellings, subject to Liverpool City Council DA consent and all applicable planning requirements,
Property Highlights:
• Currently leased for $570 per week (rental estimate now at $580 - $620 week)
• Strong holding investment with immediate rental income
• Potential to develop duplex dwellings, subject to Liverpool City Council DA consent
• Adjoining properties currently DA approved for 7 townhouses
• Approved adjoining development incorporates a combination of attached and freestanding dwellings
• Excellent opportunity for investors, developers and land bankers
• Convenient access to Liverpool CBD, local schools, shopping, transport and major road networks
Any proposed duplex development is subject to detailed investigation, Liverpool City Council approval, applicable planning controls and all relevant development requirements. Purchasers should make their own independent enquiries regarding development feasibility.
Disclaimer: The above information has been extracted based on visual inspection by the agent/agents representing Richardson & Wrench Hinchinbrook and by information received from the client's and their legal representative. We have not verified whether that information is accurate, and do not have any belief one way or the other in its accuracy. All interested parties should make and rely upon their own inquiries to determine whether this information is in fact accurate.
