AUCTION ON 10TH DECEMBER AT 4.00PM
First home buyers, second home buyers, developers and investors take note of this superb opportunity to purchase a property with high rental yield plus future development potential.
1 Live in the front house and lease out the approved granny flat for $350pw
2 Live in the front house and use the granny flat for extended family
3 Knockdown and build a brand new house but still retain the new granny flat
4 Investors lease out both properties for total of $850pw
5 Purchase with your superannuation and watch your investment grow
6 Knockdown and develop duplexes, subject to council approval
This is an outstanding opportunity subject to Parramatta Council approval you could develop attached Torrens Title duplexes where each duplex would be comprised of 5 bedrooms, lounge room, family room, kitchen/dining/family space, balcony, 3 bathrooms, 3 toilets, undercover entertaining and much, much more.
HOUSE FEATURES INCLUDE
High ceilings, 3 big bedrooms, separate kitchen open to family room, natural gas connection, 1 bathroom, separate toilet, internal laundry, spa in undercover area of backyard, big garden shed, long concrete driveway parks 4 vehicles
GRANNY FLAT FEATURES INCLUDE
Approximately 3 years young and council approved, 1 bedroom granny flat can be converted to 2 bedrooms, gas kitchen/dining/family space, bathroom, split system air conditioner, large undercover decked entertaining area, currently leased at $350pw, vacant possession if required.
Situated in a much sought after location within close walking distance to T-Way bus system and shopping centre.
This opportunity offers a place to live and/or invest plus future development potential.
PROPERTY DETAILS: 23 Reynolds Street Old Toongabbie
Council: Parramatta Council
Approximate Land Size: 741m2 x 15.12m frontage zoned R3
Rental Estimate: House; $500pw + Granny Flat; $350pw
Settlement: 42 90 days vacant possession
FOR MORE DETAILS CONTACT:
Leon Gietzmann 0402 775 723