Located in this popular and trendy street, tucked just behind the Esplanade, away from the new housing estates with all their rules and regulations.
This allotment has no encumbrances and no easements, and with approx 27 metre frontage, it is prime land for a subdivision, subject to Council consents. The owners have made preliminary enquiries and have had some house plans drawn up – see photo.
They have also had confirmation that the existing house could be lifted and turned to fit on a half block, or alternatively sold off if you want to build two new homes.
The house is showing minor wear and tear, but the new tenants are happy to put some effort in, and they have already painted the living area. They are paying $180 per week on a periodic lease.
The house has an open plan living/dining/kitchen with R/C A/C and ceiling fan.
The three bedrooms also have fans, no wardrobes.
While there is no garaging, the width of the block allows for at least four vehicles to be parked alongside the house and more on the double driveway. Naturally this also suits boats and caravans.
So, here you have an investment property in a capital growth location, or make it into your own beach house, or perhaps take advantage of the subdivision potential.
The choice is yours.