Was $335,000 now available for $299,000. An excellent investment for any astute investor. This property has been DA approved for a subdivision to create two lots. Lot 1 is 992m2 block with Lane access, ideal for a duplex development, currently renting the sheds for $5,200 pa. Lot 2 (845m2) has a large federation style home with 4 bedrooms plus a sleep-out receiving $18,200 pa in rental returns.
Property features include:
- Large living room with original ornate ceilings and brick fireplace
- 4 generous high ceiling bedrooms with a large sleep out (5th bedroom)
- Renovated bathroom incorporating the original bathtub
- Secured parking with access through to the backyard
- Close proximity to the CBD and transport
- 6 Ft timber fence separating the 2 Lots, the properties are fully fenced
- Potential for the home and future duplex development to return over $55,000 per annum
Current rental demand is particularly high in Casino, and rent values are on the rise. This is your opportunity to grab a high-value investment. Call Scott or James today to book your exclusive inspection.