3 & 5 Whyte Street, Hermit Park

An extremely rare opportunity exists to purchase just under an acre of land overlooking Ross River in Hermit Park. These two lots; zoned Neighbourhood Residential equate to a combined land area of 3121sqm with 5 Whyte Street making up the dominant area of 1735sqm and 3 Whyte Street being 1368sqm.

Boasting its central location whilst being only 5km from the CBD this potential development site has the capacity to hold up to 9 dwellings in total (5 dwellings on Lot 1 and 4 dwellings on Lot 2) (STCA). Amalgamation of these two lots may allow you to increase the number of dwellings to 10, making the purchase even more feasible. Subdividing into individual freehold lots is another aspect of this equation that could be exercised.

5 Whyte Street:
* Lot 1, 5 Whyte Street 1735sqm
* Zoning permits the development of 5 dwellings on lot 1
* Low set red brick home with 2 bedrooms, 1 bathroom and single car accommodation

3 Whyte Street:
* Lot 2, 3 Whyte Street 1368sqm
* Zoning permits the development of 4 dwellings on lot 2
* Highset home with 3 bedrooms, 1 bathroom and single car accommodation

Opportunity:
* Capacity to hold up to 9 dwellings in total (STCA)
* Amalgamate the two lots to increase the number of dwellings to 10
* Subdivide into individual freehold lots

The Sustainability Declaration is available from our office upon request.

For sale by Expression of Interest closing 25th June 2010 at 5:00pm.

Call me to arrange an inspection or further information.