Highlights:

. 1012m2 zoned R40/60
. 20.1m frontage
. 1976 brick/tile home
. 4 bed 1 bath

This property is modest yet promising opportunity for developers. Situated on a spacious 1012 square meter lot, with an impressive 20.1 meter frontage, this brick and tile home, built in 1976, currently operates as a rental property. Featuring four bedrooms and one bathroom, it offers both convenience and potential.

The real allure lies in its zoning classification of R40/60, indicating its suitability for unit/apartment development. With the capacity for up to four villas or potentially even ten apartments, this property presents a rare chance to acquire a level site with an existing rental property while embarking on the journey of seeking planning approval for future development ( STCA )

In summary, this property not only provides immediate rental income but also offers a strategic investment opportunity for developers looking to capitalize on its prime location and zoning for multi-unit development.

Currently tenanted on a fixed term lease.

Call Jeet on 0433729711 or Email jeet@propertymm.com.au to schedule a viewing

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