The seller is in the process of looking for a new home and needs this property to sell to move on with their plans!

If you are looking for an investment with a house you can retain and live in/rent out while you subdivide a separate block off the side (subject to council approval) here is a match made in heaven.

The Home:

An original well maintained and presented 3 bedroom, 1 bath brick and tile home. The home is currently returning $250pw until 22 June 2019 to a tenant willing to stay on.

The Block:

The major drawcard for the property is the 729sqm, flat, rectangular block zoned R20/35 with a 34.1sqm frontage

The Development Potential:

- Demolish and subdivide into 2 new street front lots (s.t.c.a)
- Retain the existing house and build a extra dwelling (s.t.c.a)

The Location:

Well positioned being walking distance from Velgrove Reserve, a short drive to saint Brigid primary school, easy access to Roe highway and approx 3 kms to Midland gate shopping centre.

Auction Terms:

$10,000 deposit on the fall of the hammer via bank cheque or internet transfer
Settlement Date 30/45 days from fall of the hammer (buyer’s discretion)
Property is to be sold on an as is basis at settlement

*** Please note the bidding start figure is not an indication of the reserve or selling price.

Contact Charlie Bellow to request the information pack on the property or to arrange an inspection.