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PRIME PEICE OF LAND- 594m2 with two street access.
Over 50 metres of street frontage
How scarce are these opportunities? First time on the market
for 37 YEARS. ( Built 1961 )
The options with this property are endless. Presently the existing
3 bedroom cottage ideally sits to the front of the block.Thus, freeing
up the rear of the block for additional usage e.g. Granny flat, Boats,
Trailers, Campervans, Tradesmans accessories. Additionally, investors
may "Landbank" in view of the upcoming greater density town plan.
The existing cottage is a neat & tidy weatherboard dwelling with charm &
character. It has 3 bedrooms, 1 bathroom, a single lockup garage plus
2 undercover entertaining verandahs.The home has a solid hardword
structure with a current rental appraisal of $490- $520 p/w. With this in
mind, investors can rely on a healthy return while considering the "add
value" options for the underutilised rear portion of the block.
There is extensive refurbishment occuring within this neighbourhood. The
location is sensational with the Broadwater, Shops, Schools, Cafes,
Restaurants + Hospital all conveniently located.
An excellent investment But equally a superb position to reside for many
years to come.
Contact Richard on 0423588890 to arrange an inspection.
