This Massive Block gives Massive Opportunity!

120 May Terrace, Ottoway, 5013

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5 AUDEst. Mortgage: AUD 0/monthFor Sale
  • Ownership Type House
  • Property Area 913 sqft
  • Bedrooms 5
  • Bathrooms 2
  • Furnished No
  • Last Updated 18th Apr, 2022

Amenities

Feature that provides comfort, convenience, or pleasure
  • Garage: 2

Property Overview

Near New 4-5 bedroom home on massive 900+sqm block-potential to develop rear land and profit!<br/><br/>This is truly an exciting opportunity that rarely comes along. So often development opportunities mean "aged homes in need of demolition or hefty renovations" before occupancy or sale. NOT SO HERE! <br/><br/>This NEAR-NEW large family residence has been finished to an excellent specification and sited on a valuable 900+sqm of land giving room for new buyer to explore the sub-division options at rear if they choose. Offering potential for a battle-axe division, (as often seen throughout these parts), the new buyer can explore such options with Planning SA.<br/><br/>With approvals in hand, this will open up versatile and valuable options for new buyer:<br/>• Live in (or rent out) the impressive front residence. Landscape the entire garden for your own use. Maybe a future inground pool and large workshop would appeal? <br/>• OR Sell off the fully fenced rear 300+sqm block as vacant land and use the profit to downsize your mortgage or other ventures <br/>• OR divide, then build an additional residence on rear land, then move in extended family, or sell to maximise your profit. <br/><br/>With the sub-division potential, this presents a highly desirable offering with the selling reserve price set at only $799,000 <br/>Therefore the BEST OFFER (with most favorable conditions) received at this price or above by MONDAY 16th MAY at 1:00pm will buy. <br/>However early offers are welcome. <br/><br/>The existing Weeks-built property is fully established, but the landscaping has yet to be completed, leaving a blank canvas for new buyer to decide their options. Offering versatile accommodation of up to FIVE bedrooms or a combination of FOUR bedrooms plus TWO separate living areas … whatever your choice for your own family. <br/><br/>• Lofty 9ft ceilings and floating timber floors flow throughout with quality soft furnishings adorning all windows. <br/>• Double door entry to sun-drenched formal living area (or guest bedroom) at front of home<br/>• Deluxe kitchen has enormous adjacent walk-in butler pantry and offers sweeping stone benchtop, loads of drawers and storage, gas cooktop, wall oven, microwave provision and dishwasher. <br/>• Eye-catching centrepiece in the large casual living area is the gas log fire to keep you cosy in the winter nights ahead.<br/>• Main bedroom has sliding door access to rear patio and offers smart ensuite and WIR<br/>• Bed 2 & 3 have generous built-in robes. <br/>• Bed 4/Study offers wall of shelving (ideal kid's playroom)<br/>• 3-way family bathroom with impressive large shower alcove<br/>• Ducted reverse cycle airconditioning services the entire home <br/>• Alfresco outdoor entertaining under main roof with mains gas point connection for BBQ<br/>• Super-sized double garage gives plenty of room for two larger vehicles plus storage space<br/>• Solar power system (7.8kW) giving you economical power all year round. <br/><br/>So many options for new buyer to prosper. One to give your most serious consideration. <br/><br/>BUYERS NOTE: Sub-division is presented as an option for you to explore and no approvals are yet in place. <br/>

Location on Google Map

120 May Terrace, Ottoway, 5013

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