These two adjacent low cost accommodation sites offer the opportunity to explore doing a town house development with an excellent holding income during the planning phase. The larger site has an 18 room guest house, which is normally fully let. The smaller site is a private residence which is let as such.
The owner will also consider selling the properties separately to continue in their current form.
Situated in a quiet street yet close to all the amenities (shopping, medical, hospitals,
schools and sports) you are likely to need to make whichever operational option you
choose to pursue attractive to the residents of the existing or developed properties.
On the route of the Spring Hill Loop (Free bus service) provides easy access to the
CBD
This is a fantastic opportunity, which has the flexibility of a great holding income, whilst you explore the redevelopment options.
