7.5 Acres in Park Ridge only asking $1 million+.
Yes, you are right.
This fantastic property is located within urban foot print area declared by State Government, As per latest council structure plan draft most of this land will be rezoned as residential R600.
If you have two normal residential properties with $500,000 each, the rental will be $880 pw for $1millioin worth of property. You don’t pay much more, but will have a soaring 7.5 acres land in future development area in your hand for future capital growth!
In the master plan, local centre on Hubner Rd is not far away.
The south facing main building is built in 2001, lowset brick, 3 bedroom, 2 bathroom, formal lounge, dining, rumpus (which is a great big area with high ceilings, and can easily seat 40 people), large modern timber kitchen with gas stove.
Owner has bought another property, and committed to sell this precious piece of Real estate, give us a call before it is too late!