Be quick to act, as the ideal investment opportunity beckons............ a generous rental return is on offer (circa 5%) plus future capital upside by virtue, of a developable 670m2 R1 zoned site which would suite for two large villas or possibly three townhouses (subject to council approval). But why rush and develop, sit back and enjoy the fruitful rental returns on offer with this built-in upside ready to cash in down the track.
The front house features three bedrooms with stunning polished floors, new kitchen and internal paint - just leased @ $380 per week, there is little to spend and plenty to gain.
The rear granny flat is 18 months young and currently returns $320 a week and is fully Council approved. Side access and a private courtyard means separation is excellent between tenancies, with plenty of off street parking too.
With a combined rental return of $700 per week plus development upside, this property is the best buy in town.
