Phone enquiry code for this property: 1022

Price reduced $35,000 bargain be quick

35 Kennedy St , Longwarry
Residential infill development site

:Potential 11 unit site ,plus retaining existing 3br house
(STCA)
:3541 m/2 flat land
:Abutts new housing estate ( Brittlewood lane)
:Multiple development options
:2 Road frontages (Main road)
:Tightly held growing suburb
:ROI of approx. 30-40%
:Close to town
:Multiple uses ,
Carwash,Medical,Dental,Vet,Aged care,
Home business,unit development,land bank
:Property will be sold on the day

Multiple options to make a profit :

Option 1) 3 lot sub-division ,retaining existing house.Creating 3 large lots, which could be further developed.

Option 2) 11 unit potential development, retaining existing house and renovating.

Option 3) 2 lot subdivision , with plans and permits, sell off existing house on approx 600 m/2 lot.

Having 2 road frontages gives prospective buyers great options to play with.

Longwarry is seeing fantastic growth and land is tightly held . Position of this allotment is prime for development ,being surrounded by new unit developments and new housing estate opposite, allows for quality land to be developed.

All services are to the land. House needs work to get it up to a rentable standard.

EPR $30-$40,000 a unit site.

Contact agent today