What a fantastic opportunity to become an owner occupier and investor, all in the one deal.
Here we have 800m2 with a beautiful 2-bedroom unit, currently tenanted, on 400m2 and a current MCU to build another unit on the other 400m2. Now, the MCU is for another 2- bedroom unit but I suspect, with the approval of the council, that you may be able to vary the MCU and put a 3-bedroom unit there. Not sure, you would need to check.
Anyway, the current unit has good tenants paying $330/ week and is in an ideal, quiet location near the beach at Hay Point, a very popular location.
The seller decided upon the asking price leaving some “fat” in it for the incoming owner, so, in these times of fast-moving property, it may be wise to have a look now.
Sensible buying at $359,000 neg, call Mark Stephens now!
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