Perched on the high side of Kanahooka road this unique property has a multitude of different development opportunities. Currently the property has 2 homes on it. The main house consists of 3 bedrooms, updated laminate kitchen, bathroom with separate bath & shower & an internal laundry. The granny flat out the back is a few years old and boasts 2 bedrooms with built-in wardrobes, modern laminate kitchen with stainless steel appliances & a bathroom/laundry. Both properties currently have there own private access as there is a 2 street frontage allowing them to access from either side.
Future development opportunities could include (subject to council approval):
- Renovate the current properties and enjoy a healthy rental return
- Knock down the existing dwellings and build new homes on the 2 separate lots.
- Knock down the existing homes and sell off the 2 blocks of land.
- Knock down the existing homes and do a townhouse development (potential for 4 townhouses STCA)
A site assessment report prepared by Suburban Design & Consulting back in November 2013 is available at request.
Rental Estimates:
3 bedroom house - $380 per week
2 bedroom granny flat - $360 per week
Total estimated weekly rent = $740 per week
Land Dimensions: Each lot has a 12.19m frontage totalling 24.38m with 2 street frontages & the length of each block is approximately 49.8m
Land Size: 1,214 m2
