Opportunities of this calibre are becoming increasingly rare.
Set on a substantial R40-zoned allotment, this outstanding property offers the perfect combination of immediate cash flow and exceptional future development potential (subject to relevant approvals). Whether you're a developer, investor or land banker, this is the type of asset that can generate returns today while creating significant value for tomorrow.
Currently returning $700 per week, the existing home provides a strong rental income, allowing you to hold the property with confidence while you plan your next project. Explore the exciting potential to retain the existing residence and develop additional dwellings at the rear (STCA), maximising the value of this highly sought-after site.
Located in a well-established neighbourhood with excellent amenities, the property enjoys close proximity to quality schools, shopping centres, public transport and major transport links, making it an attractive proposition for both tenants and future homeowners.
Property Highlights
Prime R40 zoning with exciting retain-and-build or redevelopment potential (STCA)
Strong rental return of $700 per week providing immediate holding income
Generous landholding with outstanding future upside
Water rates: approximately $985.92 per annum
Council rates: approximately $1,841.88 per annum
Convenient location close to schools, shops, parks, public transport and major roads
Ideal opportunity for developers, investors and long-term land bankers
Whether you're looking to develop now, invest for the future or secure a high-growth site in a tightly held location, this property delivers flexibility, income and enormous potential in one exceptional package.
Development sites with strong rental returns are increasingly difficult to find. Don't miss your opportunity to secure this outstanding investment.
For further information or to arrange your private inspection, contact Mahi Masud today.
