These investment development opportunities don't come along every day and the shrewd investor will swoop on this one as its sure not to last...
Zoned R3 Medium Density Residential this 881 square meter parcel of land is currently home to a pair of solid double brick single level 2 bedroom duplexes.
In it's current state we would imagine a rental return of $45,000 per annum but there is so much potential to improve and add value to the site and to increase the yield on this property.
There is a 20m contour running through the center of the block meaning you are well above any flood restrictions so further development should be a breeze.
You could potentially demolish and build NEW town houses or you could maybe put another storey on. (STCA) There is just so much space to work with and the site is a really level, easy to work with accessible site.
Call Adam Buchert to discuss or inspect today
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