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