Set on a flat 1,517.7 sqm of land with an extra wide 45.72 metres of total street frontage, here is an incredible development opportunity for unit builders looking for a centrally positioned site within walking distance to the train station and shopping. This property is R4 zoned making it appropriate for potential unit development subject to council approval (STCA), with an ideal floor space ratio (FSR) of 1.2:1, it has the potential for up to 18 brand new apartments to be constructed. There are three existing homes on the site which are all currently tenanted, which will present a substantial rental income as development plans and approvals are gained for future development. Less than 100 metres to bus transport, 120 metres to the local church, 400 metres to school and only 600 metres to the train station, this site presents an incredible potential return on investment.
* 1,517.7 sqm of land size with 45.72 metres of street frontage
* R4 zoned with FSR 1.2:1
* Currently offering 3 separate, liveable homes
* Walk to station, school and shopping
* Potential to build up to 18 units (STCA)
* Council: $1,425pq | Water: $586.38pq
DISCLAIMER: All information contained herein is gathered from sources we believe to be reliable, however, we cannot guarantee its accuracy and interested persons should rely on their own enquiries.
