Develop this parcel of land or restore the existing home, the choice is yours and the rewards are endless.
Currently stands a solid brick Edwardian dwelling comprising of 3 to 4 bedrooms, separate lounge, functional bathroom and kitchen plus the bonus of a lock up garage to accommodate 1 car.
On land approx. 530sqm (56’8" x 101′) with no easements or overlays affecting the property and the bonus of a wide lane way at the rear, this development opportunity (STCA) is a rare find in this prestigious inner city suburb.
Located close to Flemington Bridge station, 3 trams routes, Royal Park and within close proximity to Universities, Hospitals and arms reach to the CBD.
Currently tenanted on a fixed term lease until November 2015, returning $3,250pcm / $39,000pa approx.
This is definitely one to consider.