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Your opportunity to receive immediate return on investment with a potential rental return of $250,000 p/a*.
The site consists of 10 units and the main 2 story house with the opportunity to continue to rent out what exists on the site or demolish and rebuild apartments which may provide various options in re-zoning and/or increased return on investment.
The 10 ground floor units provide 2, 3 and 4 bedroom properties and have been individually designed. The original 2 story main house has 6 bedrooms and 3 bathrooms and would be perfect for student accommodation.
There is also a single vacant Lot which had plans approved but nothing further developed.
Examples of apartment buildings which are 3 storey high and mixed use lots in the area are only metres away.
* These numbers are based on rental values in the area for similar type properties.
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