A solid 3 bedroom double brick and tile home on 2023m2 presently zoned Residential Development with an approved ODP (Outline Development Plan) Density of R40.
Presently leased at $350pw to 3rd of June 2022 , the present tenants will possibly extend if given opportunity.
This is an outstanding investment opportunity with an already approved ODP for this part of Kenwick which means more certainty for the future development once owners decide to share contributions for construction of sewer and drainage services to develop this land with adjoining properties as per the ODP.
No need for development now, just keep it rent it out or live in and wait for the future demand for development land within close proximity to train and other services to turn your nest eggs into gold, this is 90% plus land value!
Register your interest to view by private appointment either around 10am Saturday mornings or around 5pm Tuesday afternoons. We need to respect the tenants with limited inspections as they have a young baby. Let me know your preferred day and I will schedule a viewing for you asap.
Features Include:
• Original 1970's home has been renovated and extended
• Formal entry passage with clear view front security door
• Lounge and kitchen meals area with a large split Air Conditioner
• Quality vinyl floors and vertical blinds
• 3 Large bedrooms with built ins in the main bedroom
• Modern bathroom with large Claw Foot bath and large shower recess
• Instant electric hot water system
• Huge gable covered paved patio entertaining area
• 2023m2 (half an acre) with a 21.82m frontage
• Rates: Water - $388.15pa Shire - $1,480.00 pa
Register your interest for a private viewing at 11am Saturday's or 5pm Tuesday's now, there will be no open inspections, only private viewings as the tenant has a baby.
