RARE 1518SQM INVESTMENT/DEVELOPMENT OPPORTUNITY
(THREE HOMES TO BE SOLD AS ONE PARCEL)
Extremely rare investment/development opportunity in sought after East Victoria Park with a sky-high gross rental yield of $54,600 per year. Comprising of 3 x double brick/tile three bed homes all side by side with each on a 506sqm green title block totalling 1518sqm with a 30.18mt dual street frontage. Development options are endless with a R30 base code offering a potential 5 block or 5 home subdivision with a 30.18mt dual street frontage to Shepperton Road and Rouse Lane. Renovation of the existing homes is also feasible with spare land available fronting Rouse Lane and modern examples of recent development on show. The current homes are all currently leased but required some maintenance and TLC to bring them back to their former glory and will be sold in "As Is "condition at settlement.
KEY FEATURES INCLUDE
- Totalling 1518sqm with a wide 30.18mt dual street frontage.
- Zoned R30 with potential for 5 block or 5 home subdivision.
- Three x double brick/tile 3bed homes on individual green titles.
- Currently all leased returning $1050 per week / $54,600 per year.
- To be sold as one parcel in "As Is" condition at settlement date.
- Excellent central location short walking distance to Vic Park Strip.
To find out more about this outstanding real estate opportunity contact leading REIWA agent DEVON KELLY 0417 936 277 or DANIEL KELLY 0456 180 575 today.