Development opportunity with secure income in central location close to shopping, entertainment, parks and transport.

+ Five two storey two bedroom units with approved plans for the further development of two luxury villas
+ DA approved plans for:
– one two storey, four bedroom two bathroom villa with double lock up garage and basement; and
– one two storey, three bedroom, two bathroom villa with double lock up garage
– community title subdivision to provide 7 saleable lots
+ Currently generating income of $845 per week from the five existing units.
+ Zoned – R3 Medium Density Residential under WWLEP 2010
+ Total land area of approximately 1,277 square metres

A rare opportunity to both invest and develop.