VACANT LAND WITH DA APPROVAL FOR 9 UNITS
* DA approval for 4 x 2 bedroom + 5 x 1 bedroom units over 3 levels with lift access
* Ground floor parking for 13 cars (no basement)- cost effective build
* Strong resales expected - practical and affordable 1 & 2 bedroom units, all featuring generous nth facing balconies
* Estimated resales $450,000 - $550,000
* Approximately 550 metres level walk to Woy Woy Railway
* Approximately 150 metres level walk to shops
Crunch the numbers and get ready to register for the auction (date to be confirmed), as our vendors will be meeting the market.
With demolition complete, the site is DA approved and ready to build (no CC). Simplicity of construction is a big bonus, with ground floor parking (no basement) and a practical mix of well designed 1 & 2 bedroom units.
We expect the completed product will sell very well due to affordability, access for all age groups and abundant parking in an excellent location, just moments to railway, shops and every amenity imaginable.
For those seeking a cash cow, an estimated combined rental value of $3,580 per week is expected from the completed units.
With all the hard work and planning risk eliminated, blue chip opportunities like this are few and far between.
Council Rates $1504pa
For more information, contact John Ienna 0421 202 383.
Disclaimer: We have obtained all information herein from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations.
LOOKING TO BUY BUT NEED TO SELL FIRST? There are many options available to make this transition possible. The team at Ray White Umina Beach are here to assist and make this transition as simple and stress free as possible. Contact us to find out more
Remember to mention you found this property on DevelopmentReady.com.au