Development Opportunity in McKinnon School Zone.

A rare opportunity exists for an Astute buyer looking for a long term investment in the McKinnon school zone. Two Titles to be sold as one.
Sitting in Commercial Zoning, with a North rear, the land dimensions are as follows:
205 McKinnon Road: 6.2 x 36.8m = 228.4sqm Approx. 125sqm Internal
207 McKinnon Road: 6.0 x 36.8m = 223.4sqm Approx. 138.46sqm internal

Total Land Size: 451.8sqm Approx. No easements or Restrictions.
Build Up to 14 Apartments, or 10 High Quality Apartments, with 2 retail shops on the ground floor and Rear Parking Access. Architectural designs provided by well known Sharp Building Design Located in Carnegie, ready to assist you in your planning and building project.
Property Description:
205 McKinnon Road: Comprises of a front office/reception. 4 separate offices, and kitchen to the rear, plus 2 wc, and rear yard.
Rental Yield: $36398.91 + GST+ Outgoings.
207 McKinnon Road: Comprises of a front shop ( that can be separated from rear Dwelling), A Family Living, open plan Kitchen, 2 bedrooms, and 2 bathrooms. 2 Rear storage rooms and courtyard.
Rental Yield (Potential):$34,836 + GST + Outgoings
Right of Way rear access to the North of the property.
Both Properties are offered as Vacant possession or Ongoing concern by settlement.

View by private Inspection Only.