Purposely Built Brick & Tile Investment Units on Mixed Housing Urban Zone

A rare investment/land banking/development opportunity to grab - three units on one title!

Positioned at the centre of Mount Wellington, just a short drive to Sylvia Park, Mount Wellington Shopping Centre, Lunn Ave precinct, Panmure Town Centre. There are multiple Motorways access and public transport options. This exciting and unique offering is a superb opportunity for investors, developers, savvy first home buyers or extended families who might want to consider pooling their resources.

On a 850m2 section it may fit 4-5 standalone houses or 6-8 attached terrace houses (subject to council approval)

Fantastic location, rental returns and development potential

Unit1 - 3 bedroom + 1 bathroom + kitchen + lounge + laundry (approx. 120m2)

Unit2 - 1 bedroom + 1 bathroom + kitchen + lounge + laundry (approx. 60m2)

Unit3 - 1 bedroom + 1 bathroom + kitchen + lounge + laundry (approx. 60m2)

All three units, originally built in 70s, have been redecorated in the last 18 months with insulation + heat pumps. There is a concrete block fire wall between each unit.

There are 2 dedicated car parking spaces for each unit, plus an additional garage for Unit3. That's total of 7 parkings on site.

Rental Appraisal: $1,400 - $1,500

Feel free to call William on 02102220375 for more info or private viewing options