A substantial parcel of land on the verge of the St Leonards residential boundary with extensive frontage along Murradoc Road, the town’s main arterial thoroughfare, is now available for sale.
This triangular allotment is comprised of 8.19 hectares of grazing land and is currently zoned Rural, but with potential to be re-zoned as growth of the township continues. Thus, a canny investor can buy now with a view to future development (STCA).
Two 4 bedroom weatherboard residences are included, currently leased at $310 p/w each, providing significant annual income until development becomes an option.
With further expansion of the Seachange Estate on the town side of Ibbotson Street, this is the perfect opportunity to invest for future prosperity.