Starr Partners
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20 and 22 Mahony Rd, Constitution Hill

Expressions of interest - $2.9mn - $3.1mn

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2752 SQM WITH DA APPROVAL FOR A 4 LOT SUBDIVISION

These 2 huge lots have been combined to create a super lot of 2752sqm with a street frontage of 38m. With DA approval for a 4 lot subdivision, the site offers many options and possibilities. On the high side of the street, and in a suburb with growth potential, this is one site where you need to explore the possibilities.

Options include, after subdivision into 4 lots, to :

* build 4 new homes to sell or rent
* keep the 2 existing homes and have 2 new blocks of land to sell
* look at options for dual occupancies on each new lot
* keep the existing homes and look at options for dual occupancies on the new lots
* obtain CC, build road and services, subdivide and sell 4 torrens title properties - 2 properties with existing homes

Concept plans available for each option

Each new lot sizes is over 600sqm - new front lots are over 600sqm, and new rear lots over 670sqm each

DA subdivision plans and DA conditions available . Concept plans available for all 4 options.

DA has a 5 year expiry date

2 homes currently leased and generating $53000 per year gross rent

Settlements terms negotiable



Greg Okladnikov
0414 378 336
02 9749 4949