Rarely offered is an elevated development site with district views and 927m2 (approx) of land, situated in a quiet street with dual street frontages. The existing improvements currently consist of two large four bedroom Torrens Title terraces in differing states of decay, both demanding restoration of differing magnitude. Plus DA approval for 3 additional large townhouses with basement parking and land subdivision.
The alternatives available to prospective purchasers are numerous given that once the site is sold in one line, one or both of the terraces can be on sold reducing the capital burden going in.
A never to be repeated opportunity.
Full information memorandum will be available in soft copy week commencing 18/10/10.
