House With Development Options

Let's start with the location. Wonthella is a popular suburb adjoining Geraldton and Place Road is the northern boundary. Across the road is Geraldton's light industrial area and within 500m is the Homemaker Centre with many shops, McDonald's and Bunnings. This side of Place Road is all residential with many blocks already split into multi-unit sites. This block is 1,440 m2 with a R30 zoning so it allows for a four unit development or leave the house and build two or three units at the back. The big plus here is that the current home is right at the front and the access between the boundary and the house is 4m. The block itself has some established shady trees, is 71.4m long and 20.1m wide and the back of the home finishes 19m from the front boundary.

The house itself is a comfortable 3 x 1 with some asbestos and an iron roof and deep sewer is connected at the rear of the block.

There are many options for a buyer;
# Renovate the home and utilise the block yourself
# Keep the home and build two or three units
# Keep the home for a while, rent it our and then redevelop the complete block

There is some real value here and this will not be around for long so call Henry van Tiel today for a viewing on 0429 995 121.

Please always check any zoning details with the relevant authorities.