Large, 468 sq metre level block in the best street. Includes all paperwork and approvals to commence building work (building approval, CC, $5000 deposit). European style project with dramatic changes to the front of the house including 5 bedrooms and 3.5 bathrooms, spacious 90 sq metre living area and a swimming pool. Sale includes all purchased materials, fixtures and fittings estimated at $57,000 (includes aluminium windows and doors, tap ware, bathroom appliances etc).

Includes a brand new completed 30 sq metre designer studio with kitchen, bathroom and home theatre.

Three reasons to invest in this project:

1. After 4 months upon construction completion the finished product is a modern designer 5 bedroom, 3.5 bathroom home featuring a 90 sq metre open plan living area plus a separate studio with kitchen, bathroom and home theatre. Approximate sale price $1,900,000

2. Rental potential:

a. Main house: $800 – $850 per week (minimum)

b. Studio $400 – $450 per week

c. Approx. total rental income: $1200 1300 per week

3. Option to live in the studio during the construction