Excellent Development/Investment Opportunity in Prime Location

+ Prime development site opportunity
+ Land area 1,883sqm*
+ Current building includes 6 fully leased residential villas

Introduction
Burgess Rawson are pleased to offer for sale 39 Chester Avenue, Dianella. This site offers an array of opportunity for developers and investors. Offering 6 residential single storey brick and tile villas in cul-de-sac location, fully leased to long term tenants on one single title. Meters from Dianella Plaza and minutes from cafes, parks, transport, schools and University, the property is ideally located.

The site offers for multiple options, take advantage of the R-AC3 zoning primed for a multi-storey development, maintain the 6 villas on one single title and keep as long term leased investment or strata title, renovate and sell the individual villas.

Improvements
The property comprises of 6 residential single storey two bedroom, two bathroom brick and tile villas, a mix of renovated and original condition. The villas are located in two buildings either side of a central driveway. The carport is located at the rear of the site with 8 undercover car bays as well as the scope to include more parking as required.

Location
This outstanding property resides in a convenient pocket of Dianella with fantastic surrounding amenity in the form of public transport, vibrant cafes and restaurants and medical & health practices all within walking distance.

Legal Description
Lot 501 on Diagram 51963 Certificate of Title Volume 1466 Folio 294.

Land Area - 1,883sqm*
Frontage - 31.38metres*
Depth (N Boundary) - 71.19metres*
Depth - (S Boundary) - 59.46metres*

Tenancy Details
Refer to selling agent for further information.

Sale Conditions
The property is offered for sale by way of Offers Invited. Offer documentation is available from the selling agent.

Goods and Services Tax
The sellers are not registered for GST and the sale of the property is not a taxable supply and GST will not be payable on the purchase price at settlement.

*Approx

For further information please contact selling agent.