Rarely do such fantastic opportunities come up in the heart of Thirroul. This beautifully restored 1940s cottage is set on a large sized 1219sqm block of land. With a 2b zoning and wide frontage, Council will be favorable towards a strategic subdivision which will generate immediate returns. For the investors or home owners, this is too good to pass by.
- Lovingly restored weatherboard cottage with original wide polished floor boards, ornate high ceilings and up to 4 bedrooms
- With a 26.7m frontage, the land is actually the equivalent of 2 blocks and is titled No 8 & 10 Wrexham Rd
- Offering extensive views south to the escarpment and capturing the setting sun from a large rear deck the environment could not be more serene. A second story would capture sea views.
- The enormous garden is perfect for the budding botanist with an established collection of native trees, including small leafed fig, spotted gum, turpentine, ironbark and blueberry ash.
- Bake a fruit flan with your very own citrus orchard as well as macadamia, mango, fig and custard apple trees.
- The cottage is kept warm and cozy in winter with the “ollin” hydronic heating system.
- A development application for an architect designed residence is approved with Council and $15,000 of DA costs have already been paid.
- Approximately 5 minutes walk to cafes, shops, schools, transport and beach (will be quicker when the Wrexham Rd bridge reopens).
- For every buyer, the numbers truly add up to a smart purchase:
o First home buyer = Mr K Rudd is paying $30,466 towards purchase costs
o Home owner + subdivision = the home will owe you approximately $150,000 to $200,000
o Investor + subdivision = rental yield of between 9% to 12%