This classic older style weatherboard residence requires renovations and is currently divided into three sections of similar size; currently comprising two leased areas with 1-2 bedrooms and the third area consisting of 3-4 empty rooms needing renovation.
The strata-free property presents the new owner with many options when renovating to improve the investment return, ie, renovate unit by unit, redesign and expand the lettable area, utilise as a home plus income or knock down and re-develop.
Positioned in an exceptionally convenient location, approx. 300m to Katoomba's town centre. The excellent sundrenched block of land is near level and totals approx. 857m2 in size. The property is zoned under LEP2015 as 'Low Density Residential' and comes with approved 'dual occupancy'.
Advertised at near land value, this property could represent an excellent acquisition for the savvy property investor or developer.
This property has been relisted on the open market as of 15 May, 2019.
Inspections are available at set times only on Saturdays and Wednesdays by appointment with agent or scheduled Open House viewings.
