Residential: Apartment Sites
DEVELOP - PERMITS APPROVED / RENOVATE / INVEST / OCCUPY
Set in one of Essendon's most prestigious pockets and family areas of Ardoch Street, you are presented an amazing opportunity to secure 38 and 38A Ardoch Street to either develop, invest or renovate to your perfect family home and home office - Endless opportunities are on offer.
The 2 dwellings sit on approximately 380m2 of commercial 1 zoned land with the added advantage of rear lane access.
Develop: The perfect opportunity to develop with APPROVED plans and permits for 1 prime retail shop and 5 large apartments.
Invest: Sit and hold on this unique opportunity and enjoy the rental income streams and renovate or develop later.
Renovate/occupy: Subject to council approval this is the perfect opportunity to create a family home with home office in a prime location of Essendon. While obtaining the perfect design and approvals enjoy a rental income stream from the dwellings.
38A Ardoch Street: Is currently a 2 bedroom villa, separate kitchen, separate lounge/meals area with rear courtyard and a double garage.
38 Ardoch Street: Is designed as a reception, 3 offices and staff meals area, kitchenette - Currently earning $2,500 per month.
Located in a prime location surrounded by million dollar family homes, Glenbervie Train Station on your door steps, amazing school options, shopping strips of Essendon North and Strathmore and freeway access just around the corner. This is the perfect recipe for the developer, owner occupier or investor.
Remember to mention you found this property on DevelopmentReady.com.au