After much consideration the owners of these two homes have decided that they can’t hold on any longer. This puts you in the box seat to reap the rewards. With a combined land area of approximately 1665 square metres in the RZ2 core area, this could be the opportunity you’ve been looking for.
Some options include:
1. Purchase and hold both properties with an expected rental return of around $1,000 – $1,100 per week.
2. Renovate/develop one block while you live in the other.
3. Renovate the complete parcel of land and enjoy the spoils.
In this RZ2 core area you have the potential to build up to 10 apartments or perhaps 5 townhouses (subject to council approval).
The owners want this property sold on auction day so don’t delay, call Mark today!