DEVELOP OR DO YOUR THING with this prime 1,012 sq. metre Residential R2 lot with approx. 25 metre frontage to Brisbane Street. This is prime development fodder for the hungry value investor. The value cones from the size and area of the land and its location so close to schools, shopping, supermarket. The harbour beach is at one end of the street and lakeside parkland at the other.
HOLDING RENTAL of $110pw gives cashflow, optimises the tax position and pays bills! This is a pretty basic house as reflected by the selling price but you can treat it as the bare bones of your renovation project or remove it to make way for a smart unit development.
Take the time to inspect and don’t miss this opportunity.