A saavy investor or developer describing the perfect development opportunity to us would look very much like this:
andbull; Desirable corner block with multiple street frontages
andbull; More than 1000m2 of flat and level land
andbull; Located in a highly sought-after part of town
andbull; The flexibility of the land comprising of two separate blocks with two titles
andbull; Immediate income via an existing residence that isn’t overcapitalised
With this property offering all of the above and more the options are endless when deciding which way to go in turning this opportunity into a lucrative investment; sell off the vacant block and keep the house as a high-return investment; renovate the house and sell both the vacant block and the house for a quick and lucrative earn; build on the vacant block and rent or sell both or either; rent the existing house as is and develop the entire block later on with villas!
Opportunities such as this seldom grace our market and with investment rates at the bank at an all time low, we are expecting this to be at the top of the inspection list for investors from near and far. Call Sam Halloran to arrange your private inspection today!