An all too rare opportunity, this 1603m2 of Res A or LR land is in a corner position and well located opposite a shopping village with Woolworths as their anchor tenant.

With development approval to split the 1603m2 into three separate properties retaining the two existing dwellings, there are other options that could be just as effective in obtaining an excellent return from your initial investment.

The 1603m2 could possibly be split into four blocks, re-zoned to LMR or re-zoned to suit more commercial uses for the land.

Currently there are two three bedroom, one bathroom post-war dwellings on the land that could be removed if required. Both homes are in good condition and would provide a strong holding income while you decide your next move.

This 1603m2 inner-city investment is less than six kilometres from the CBD with a direct and easy route to it. In a prestigious postcode within close proximity to shops and public transport, this well positioned site awaits development from an astute investor.

Res A or LR land
Re-zoning potential
Possible four lots
Less than six kilometres to CBD
Opposite shopping centre
DA to split into three lots
Two houses