Description

1,236 square meters of level land,

Existing 4 bedroom 1 bathroom home leased for $350 per week plus Approved Development Consent to build 3 more townhouses, 2x3Br and 1x2Br townhouses, Close proximity to all level of schooling, childcare facilities, public transport, medical and Lavington Plaza, including the major retail outlets of Coles & Woolworths.

Existing dwelling consists of 4 good sized bedrooms with BIR’s in 2.
Large lounge, separate kitchen, dining space, woodfire heating, R/C split systems and evaporative cooling throughout. Polished timber floor throughout majority of the property.
Kitchen with dishwasher and electric cooking facilities. Family bathroom with spa bath and shower, toilet.
Approved Development Consent includes the option of adding to this home a second bathroom, new carport and fence.
This property currently rents for $350pw with expected higher returns post above updating.

The Development Consent is approved for construction of an additional: 2 x Three (3) bedroom double storey townhouses and 1 x two (2) bedroom townhouse.
The Three-bedroom double storey townhouses consist of:
Upstairs - Three (3) good size bedrooms all with BIR’s, full family bathroom, three way bathroom and separate toilet.
Downstairs – Well thought modern open plan family, kitchen and dining areas, second toilet, full laundry with external access to both outdoor and the single lock up garage, plus extra allocated car spaces for each townhouse. Potential Rental Income $425 per townhouse.

The Two (2) bedroom single storey townhouse consists of two generous bedrooms with BIR’s, open plan family, kitchen and dining area, bathroom with bath, shower and vanity with separate toilet, laundry area which opens into the oversized single lock up garage and external yard. Potential Rental Income $320 per week)

This property project would be ideal for an investor, self managed Super Fund or a tradesperson who is looking for the preliminary works completed and right to start the construction phase.
For a detailed prospectus please contact Craig at Rise RE.