DEVELOPMENT OPPORTUNITY – Zoned R25/40
This is an extremely rare opportunity which would make any savvy investor or forward thinking family excited.
This well-proportioned 3 bedroom 1 bathroom home is built on a green title 728SQM parcel of land. The main benefit of this property is the simple fact that it is zoned R25/40 giving you the opportunity to develop in the future, it is always wise to keep your doors open!
To make this decision even easier for you; the property still has 6 months remaining on its tenancy contract which is currently returning $350 per week.
What this could mean for an investor; is to continue the tenancy agreement and receive a return on your investment until you are ready to complete a development.
What this could be to a forward thinking family; is to purchase the property and let the remaining tenancy income help with the initial repayments of your mortgage. You can then decide to move in and enjoy the great locality of the property and then develop a few years down the track.
The property is situated across the road from the local day care, Grovelands Primary School, Kuhl Club Park, Westfield shopping town/ IGA and the 245 bus stop which is serviced every 30 minutes and runs straight to the train station… speak about a conveniently positioned property.
- Zoned R25/40
- Large side access
- Large Open Plan Kitchen/Dining Area
- Fresh coat of paint to living area
- New 3. 9KW air conditioner in living area
- Currently returning $350 per week of rental income
- Close to all amenities
