Development Opportunity only 12km from a Capital City CBD
Property ID: 15515745
Purchase Price $370K
Current Rent $320 a week
607m2 block with 15.6m Frontage
Zoning Allows for Duplex, Townhouse, and Unit Developments*
Option to Retain existing house and build in the backyard
Flood Free and No Overland Flow issues
Vacancy Rates at 1.25% which indicates high rental demand (a vacancy rate of between 2-3% indicates a balanced market)
Walking distance to Shopping Center, Bus stop, child car centers, banks, parks, IGA, Dominos, KFC, Subway
Suburb under-going Gentrification, with $Millions of dollars being invested to update the suburb.
2 schools within 1 km
1.8km to another Shopping Center with a Woolworths, banks and other speciality stores.
3 km from industrial and business area consisting of factories and offices providing ample employment.
4 km train station
3 km from a TAFE
Call Yujin Yeoh on 0479 191 815 for further details and a more detailed discussion
* Subject to council approval