Residential: Townhouse Sites
RETAIN AND BUILD - BEST OF BOTH WORLDS
Sold Under The Hammer 18/02/2019 for $477,000
Are you looking for an investment with a house you can retain and live in/rent out while you subdivide 2 lots off the back (subject to council approval) Well you have met your match!
An original well maintained & presented 3 bedroom, 1 bath brick & tile home. The home would produce a rental return of approx $270pw whilst the lucky buyer is having plans drawn up for up to 2 villas on the back (STCA).
The major drawcard for the property is the 1051sqm, flat, rectangular block zoned R30 with a 20sqm frontage
The Development Potential:
- Demolish and subdivide into 3 lots
- Retain the front home and build 2 homes on the back (Subject to council approval)
Positioned in a region with plently of redevelopment including the 350 million dollar westfield carousel upgrade as well as plans for Cannington to become a hub for the region. The property is also walking distance from the Cannington Train station, Mary Mackillop park and a short drive to the Cannington Leisureplex .
$20,000 deposit on the fall of the hammer via bank cheque or internet transfer
Settlement Date 30/45 days from fall of the hammer (buyer's discretion)
Gas, Plumbing and electrical will be warranted at settlement.
Contact Charlie Bellow to request the information pack on the property or to arrange an inspection.
Remember to mention you found this property on DevelopmentReady.com.au