Here we are offering homes at 73 & 75 Parker Street, only one block from Kmart complex and Fourways Shopping Centre. There is a weatherboard home on each site and block sizes of 1244m2 and 1237m2 make a total land area of approx. 2481m2. As a development project the best scenario would be to demolish one of the homes, which would allow for construction of 6 units and the re selling of the remaining home which should sell for around $200,000. The approx cost of land under each of the 6 stratum title units would be around $49,000 plus portion of Stamp Duty & Legals. The home at 75 Parker Street is currently rented for $240 per week and the home at 73 Parker Street should achieve about the same rent. Theses rents (of about $25,000) will give a cash flow while plans are underway for the overall development of the site.
Units within walking distance of Kmart & Fourways are always very popular and sell at a premium price. For more details and plans call the Sole Agent-Tony Hollister at anytime.
