HUGE DEVELOPMENT POTENTIAL!

WHAT WE LOVE:<br/>This monster 1374m² lot with a 29.95m2 frontage and a 4 x 2 residence plus a separate games room is the perfect investment for those looking to land bank today and develop in the future. The new proposed zoning that comes into effect soon provides plenty of options from a 4-lot subdivision, a group of villas, townhouses, or even apartments. The property is perfect to rent out while you go through planning so you can take your time while exploring options.<br/><br/>This property is walking distance to schools, major shopping precincts, train station, and Mary Carroll Park.<br/><br/>WHAT WE KNOW:<br/>Council rates: $1,600 per annum<br/>Water rates: $815.21 per annum<br/>Zoning: Current R17.5 with proposed R30<br/>Lot size: 1374m²<br/>Year built: 1953<br/>Expected rental return: Approximately $575-$600 per week<br/><br/>WHO TO TALK TO:<br/>Shane Beaumont<br/>0424 892 242<br/>[email protected]