The power of location, proportion and future development potential come to the forefront with this expensive property offering. Set on a deep 1,214sqm land parcel with a wide 19m street frontage, this large versatile residence represents a superb buying opportunity with lots of scope to add tremendous value in the future.
The existing property is presented in comfortable order and currently configured as multiple self-contained flats and earning a great income stream from rental returns. Investors and developers will be highly impressed with the possibilities to increase the value through update, renovation, or by subdividing the block and redeveloping the site (STCA), as it is not heritage listed or in a conservation area.
The popular street is centrally located in an area undergoing rapid urban renewal. It is less than 12km from the CBD and within easy walking distance to Burwood's major transport and shopping hub, as well as a choice of parklands, shops and schools.
Features:
1,220sqm land parcel with a wide 19m frontage
Currently configured as multiple self-contained flats
Earning excellent income through rental returns
Not heritage listed or in a conservation area
Potential to subdivide and redevelop the site (STCA)
Walking distance to trains, shopping and amenities
