Located in the heart of the town centre is this development site with current existing rental yield. Potential unit or townhouse development site (STCA). Also could suit astute buyers looking for residence plus income.
*House plus 2 flats
*Zoning R1 - General Residential
*864m2 block
*Potential to redevelop units or townhouses subject to council approval
*Scope to add value
*Rear lane access
*Tenants in place
Whether you are a first time investor or a developer this property has something for you. Great investment opportunity for a lifestyle investor, pick up the rent while the DA is in process or live there and have instant income from flats. There is also an opportunity for redevelopment and scope to add value.
Our properties are still open, but by private appointment only. Please contact the agent to arrange a private inspection.