This is a perfect 607sqm LMR block to be sold as part of a 1204sqm LMR corner Block.
No DCP, No VPO, No DA’s, No Overland Flow, No issues.
Backing onto a semi industrial site there could be an opportunity to seek a relaxation on the GFA.
Perfectly located for transport to shopping centres and within the 10k ring of the city, you can build a unit block or town house development.
Currently rented for a staggering $1010 per week.
The house is set up as a room by room rental and is split as follows:
5 bedroom in the house + a legal separated outdoor bedroom ( fully lined and insulated, timber floor, with power just no pluming)
2 ensuited rooms
3 Bathrooms, 4 toilets
When combined with next door the income backs down as follows:-
Total income for both properties per week = $1,590
Total income for both properties per month = $6,360
Total income for both properties per year = $82,680 aprox