Sold for $159,000
Elusive Development Opportunity
Combined Land Size: 1330m2 approx.
This opportunity is unique in that you can purchase now with tenants in place and cover holding costs till planning approval granted (STCA).
Both rented on month x month tenancy agreements at $195pw each with tenants keen to stay on indefinitely.
These sites are ripe for redevelopment, all services currently connected and this location is perfect for future capital growth as illustrated by the new building activity in the immediate area.
Vendor will sell separately if required, Number 49 / 673m2 and Number 51 / 660m2
- Land size 1130m2 combined
- Current rent of $390 pw combined
- Former Housing Commission Buildings
Price: $320,000 for both or $160,000 each
median house price465000
median house rent290
suburb rental yield3.2%
Source: Suburb Flyover Report Series, APM Pricefinder. PRD does not give any warranty in relation to the accuracy of the information contained in this report. If you intend to rely upon the information contained herein, you must take note that the Information, figures and projections have been provided by various sources and have not been verified by us. We have no belief one way or the other in relation to the accuracy of such information, figures and projections. PRD will not be liable for any loss or damage resulting from any statement, figure, calculation or any other information that you rely upon that is contained in the material. Prepared by PRD Research © All medians and volumes are calculated by PRD Research. Use with written permission only. All other responsibilities disclaimed.