PROPERTY SUMMARY
PROPERTY DESCRIPTION
AN INTRIGUING AND VERSATILE OPPORTUNITY
Discerning investors and smart developers seeking a prime property that offers solid existing income stream, future high-density development potential and an elevated position within a highly sought-after location will see this as the one opportunity too good to miss!
Set on a large and elevated 1019m2 block in a preferred location, this outstanding opportunity ticks all the investing and developing boxes for those seeking a quality property with potential, income, and position!
Current improvements comprised of 6 individually titled properties, adding considerable and valuable versatility to the investment component with the option to sell off portion of the investment if and when required.
THE PROPERTY
Substantial 1019m2 land component
High density residential zoning
Generous 25.5 metre frontage
Preferred elevated position
Desirable inner-city location
Close to transport and amenities
THE IMPROVEMENTS
6 leased 2-bedroom apartment units
All apartments leased on fixed contracts
Solid existing income with strong nett yield
Individually titled units
THE INVESTMENT
Existing solid rental income
Potential to increase yield
Positively geared investment
Versatility of separately titled units
Reasonable holding costs
THE DEVELOPMENT POTENTIAL
Strategic and elevated position
Large 1019m2 sized block
Rectangular footprint with wide frontage
Preferred city fringe location
High density residential zoning
Growing and developing precinct
For more details on this outstanding opportunity, contact the selling agents
