Development Potential

This General Residential Zone 1 property represents prime residential land in Mildura South ready and waiting for development.<br/><br/>The property includes the original 1950s home with additional bungalow and shed all in habitable condition and recently rented.<br/><br/>Allowing for the existing dwelling to stay provides a proposed plan of sub-division for an additional 2 lots (plans available on request).<br/><br/>In addition to sub-division potential the site also provides opportunities for multiple other uses (STCA) including but not limited to: multi-unit site, medical facility, community care facility, place of worship, aged care facility or residential facility.<br/><br/>Expected rental return $330 per week <br/><br/>Land Size – 1608m2<br/>Circa – 1950<br/><br/>Outgoings:<br/>Water rates - $181 per quarter <br/>Council rates - $2500 per annum<br/>