Residential: Townhouse Sites
CORNER CRACKER REDEVELOPMENT SITE WITH DUAL OCCUPANCY INCOME!
Attention all astute Investors/Developers/Builders, this rare 738sqm (approximate) corner block of land is on offer in the Residential Medium Density Policy Area 40 of Christies Beach!
Arguably one of the most significant development opportunities to become available within the new R40 Policy Area (Infill Precinct 36) in the City of Onkaparinga. The zone should be enough to get you excited with the potential to redevelop the site with up to 4 homes (STCC).
Currently utilised as two independent properties, both homes are on fixed term lease with a combined rental income of $550/wk. Both properties have excellent rental history with 20 Roy Tce (a 2 bedroom home) currently leased at $295/wk and 20A Roy Tce (self contained 1 bedroom residence) leased at $255/wk.
It is simply a superb opportunity for the developer, builder or investor to buy today and prosper tomorrow.
Other features we love about Roy Terrace:
Year built / 1957
Equivalent Building Area / 156 sqm (approx.)
Land Area / 738 sqm (approx.)
Council / City of Onkaparinga
Title / Torrens
Council Rates / TBA
Water & Sewer / TBA
ESL / TBA
Speak to TURNER Property Management about managing this property
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