Lutwyche is about to explode with new development and this property is situated in the epicentre of activity. Opposite the Lutwyche Shopping Centre, which is near completion of a massive renovation, this post war home is zoned DC2 (District Centre) and has previously been rented at $400 per week.
This property will most likely form part of an amalgamated development site in the near term and is ideally positioned to take advantage of it’s zoning potential. It is currently a residential home but would suit easy conversion to professional offices or work from home accomodation.
This is an ideal investment opportunity with development upside within 6km of the CBD. Hundreds of new residents will soon be moving into the local area, as new apartment projects are completed, and will be demanding expanded retail and commercial facilities. Think Newstead & Teneriffe areas just a few years ago.