Investment opportunity or re-development awaits you.

Developers and investors take note that this is by far the best development site on the market in Croydon South. This allotment of 864m2 and a flat block is perfect for subdivision for 2 New Townhouses or retaining the existing front home and adding a new townhouse/unit at the rear(stca).

The home offers 3 bedrooms, contemporary fittings throughout, updated kitchen and dining area which overlooks a great sized backyard great for entertaining. With a rental return of $1456 per month the opportunity to secure a great investment to add to your portfolio awaits.

The choices are obvious, either keep the current tenants in the property and land bank the property while Croydon property prices soar or alternatively organize your plans and permits to construct prestigious townhouses (stca) in this prized position.

- 864 sqm Approx
- Rental return $1456 per month
- Huge Rear Yard
- Fully renovated Home
- Develop Rear Unit (stca)
- Great Investment opportunity
- Lease expires 10/6/2011