ENJOY A FRESH APPROACH TO PROPERTY INVESTMENT, WITH OPPORTUNITIES TO REAP AN IMMEDIATE RENTAL INCOME OR EMBARK ON COUNCIL-APPROVED REDEVELOPMENT PLANS FOR GREATER RETURNS.
Currently occupying the prime corner allotment of 795 sqm (approx) is a double storey 3-4 bedroom character home, plus 2 separate one-bedroom apartments with ample parking and private gardens. Returning in excess of $50K per annum, it’s already generating a handsome income. Yet, this property also offers a very rare and lucrative chance to multiply your investment with approval for 8 new dwellings, comprising 2 townhouses and 6 apartments, with north-facing living areas, secure basement parking and storage units. With subtle differences between properties, the general floorplans include 2 bedrooms (BIRs) and 2 bathrooms, balconies and open plan kitchen, living and dining areas. In an extremely convenient position, walk to Devon Plaza, buses, cafes and Donburn Village. Nearby schools include Doncaster East Secondary College and Donburn primary. City commuters will appreciate nearby freeway access, while shoppers will love Westfield Doncaster and The Pines! INSPECT BY APPOINTMENT ONLY.