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1,012m² Development Site, Hold and Prosper!
- 8 Beds
- 4 Baths
- 4 Cars
A fantastic opportunity exists to purchase a development site currently zoned for Low to Medium Density (up to 3 Stories).
This 1012m2 allotment currently boasts 4 town homes, which are returning $73,580 gross rental income per annum (4% yield approx). Given the enormous value in the land, you could develop straight away or perhaps start making enquiries into the likely hood of being able to rezone up to 5 stories as have properties in Skew Street currently..
Whether you land bank or you develop, either way this is a prime site in a very sought after location a very short walk to trains, restaurants, shopping centres and all the cafe's you could possibly want. A real metropolitan precinct, take advantage of this great opportunity and investment in your future!
Please note, 8 Beds 4 bath is the total number over the 4 separate town homes on separate lots, however the Seller has decided to sell the site as one.
For further details and inspections, contact Mark Diamond
1,012m² / 0.25 acres
4 garage spaces
This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
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