* Prime residential development land parcel

* Total land size 1,380m2 approximately

* Zoned Residential Mid Suburban Policy Area 16.

* Close proximity to shopping facilities, walking distance to the beach and opposite a quiet park with a river frontage

* Planning consent for 5 dwellings granted

Number 11 is currently disposed as 4 self contained units:

unit 1 tenanted at $180 per week
unit 2 tenanted at $165 per week
unit 3 at $150 per week
unit 4 is a 3 bedroom unit currently returning $225 per week, all on periodic leases.

Number 13 built in 1962 and offers 118sqm – disposed as a 2 bedrooms plus study, living room, kitchen/meals, laundry, bathroom and separate toilet.
currently tenanted at $340 per week also on a periodic basis.

A fantastic return of approximately $4,593 per month.

Overall an ideal development site or investment in this blue chip location.

For further details please contact Michael Georgiadis 0401 485 565
or Kris Papagiannis 0421 620 308

RLA 212749