An extraordinary and extremely rare opportunity has arisen to purchase 2 income-generating assets with the potential for further site development of multiple subdivisions or multi-dwellings on 2 x one acre+ blocks zoned R1 Residential, both with dual street frontages. These unique properties are for sale separately or in one line.
9 and 11 Madgwick Drive, Armidale are 2 x separate adjoining lots that offer 2 dwellings per lot (4 dwellings in total) with both lots exceeding 4000m2 in size. 9 Madgwick Drive is a 4,015m2 corner block and 11 Madgwick Drive is 4,267m2, both with dual street frontage to prestigious Cluny Road.
Showing a solid rental history of full occupancy due to their close proximity to UNE, and a very strong income, these 4 x 3 bedroom separate renovated character homes each offer:
- 3 large double bedrooms, some with built ins and one with separate study, sitting room or
nursery
- Beautifully appointed renovated kitchen
- 2 houses have open plan living area combined with kitchen and dining, and the other 2
have larger kitchen and separate living area
- Big outdoor elevated covered north facing timber deck with rural views + street facing
front deck
- Bathroom with bath and toilet
- Sunroom and second toilet
- 10 foot high ceilings with loads of space and storage
- Huge laundry with storage and second toilet
- Cosy gas heating
- Large carport + extra parking
- Private fully fenced backyard
- Lovely semi-rural location with rural outlook
- Walk to UNE, schools and shops
- Super speed internet connection available (NBN)
These properties are a must to inspect for the astute investor or developer.
An extra bonus for serious developers is an additional adjoining 3 x 4000m2 (totalling 12,000m2) of vacant R1 Residential zoned land fronting Cluny Road is also listed for separate sale (9, 11 and 13 Cluny Road, Armidale).
Contact agent for details.
