Being offered to the market place for the first time in 62 years, this rare gem is located in the sort after river end of Belmont. Boasting approximately 3150m2 of North facing land with a frontage of approx. 45m making this property ideal for a multi unit development (STCA). In its current form, the existing dwellings consist of a 4 bedroom family home with 4 living zones, ample off Street parking via 2 driveways and a huge back yard ideal for children and pets. The existing 4 x 2 bedroom brick units also have their own separate driveway and 4 x carports. All dwellings are currently tenanted on fixed leases providing an income of approx. $64,000 pa ideal for the investor or the developer wishing to collect a healthy income whilst obtaining plans and permits to re develop the site. Higher rental incomes could also be achieved by updating or renovating the house and or units. There is also the option of occupying the house and retaining the units as self managed super or investment. Located in the heart of Belmont's highest capitol growth area, there is high demand for new townhouse and units in this popular precinct being central to Highton shopping Village, High Street Belmont, local schools and river walking tracks. Please contact Jim Cross to obtain an information memorandum, copy of the auction contracts or detailed discussion in relation to the myriad of options available with this property.
