Call us:
1800 600 890

Multiple Possibilities Just 5km From The CBD

Property ID: 19669075
Purchase Price $965K
Rent $650 per week
Yield 3.5%
Zoned LMR
2 Lots
DA in place for 8 units (maintaining existing house)

Just 5km from the CBD and with a walk score of 88, this 890m2 flood free block, on 2 lots with 3 street frontages, gives you a number of options.

1. You can use the DA to construct 8 X 2 Bedroom units with study on 1 lot while keeping the existing house on the other.

2. Reconfigure the lot and sell the additional block of land.

3. Reconfigure the lot and build a 2nd house.

The existing 4 bedroom, 2 bathroom house is Victorian style, can be rented now for approximately $650 per week and can be renovated to add value.

There are some city views from the existing house, with better views possible if units are constructed.

FACILITIES NEARBY

100m 2 Bus Stops
300m to several Restaurants and Cafe's, Banks, Australia Post, Chemist and Bunnings
350 Train station, just 3 stops form the CBD
1.8km Shopping Centre
3.5km Hospital
5km University Campus
5.7km 2 additional Hospitals
5.8km major Shopping centre
6.2km University Campus
Airport 10km


5 minute drive to several Supermarkets including Aldi, Coles and IGA, 3 private schools and 2 Public schools, Office works, Parks, Sporting clubs and Medical centres.

For further details call We Find House on 1800 600 890.

Matthew Barnes

Phone: 0430 979 900

Enquire Now

Land Area: 890m2

Type: Residential, House

Investment Strategy: Development

Gross Yield: 3.5%

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Matthew Barnes

Phone: 0430 979 900

Enquire Now

Land Area: 890m2

Type: Residential, House

Investment Strategy: Development

Gross Yield: 3.5%