Developers and renovators jackpot.

This well proportioned corner site is an impressive development/renovation opportunity.

Make your choice- renovate or recreate. Start building 16 brand new dwellings with the existing stamped plans and permits (town planning) or renovate the existing 9×2 bedroom units and reap the benefits.

The land size is approximately a whopping 2666m2 and the convenience of 2 street frontages makes this prime development land in close proximity to schools, transport, freeways and other major amenities a great buy.

Currently tenanted with a possible rental income of over $100,000 (approx) per annum.

These units are in original condition offering 2 bedrooms with built in robes, separate bath, laundry, well appointed kitchens with gas appliances, floor boards throughout and lock up garages and in need of some TLC.

This is a rare find indeed and a fantastic property in a choice location close to Mulgrave. Offering a plethora of possibilities.

Call our office today to view the plans and organise an inspection.