An exceptional opportunity awaits you to subdivide, build a second dwelling, and unlock the incredible value and wealth-building potential of this remarkable property. Situated on a sprawling 862sqm block with dual street frontage, one side facing Orana St and the other side facing Fawcett St, the dimensions offer an impressive 15.9 metre frontage on both sides and a length of 53.1 metres.
The existing two-storey brick and tile home, a rarity in itself, provides the perfect foundation to either retain it in its current condition or transform it into a lucrative dual occupancy residence. This property is a haven for those seeking to grow their wealth and capitalize on its limitless potential.
Key Features:
- Subdivision potential on a substantial 862sqm block (subject to council approval)
- Dual street frontage with access from Orana St and Fawcett St
- Two-storey brick and tile home, a rare and sought-after find
- Versatile floor plan with 3 bedrooms and main bedroom air-conditioned
- Modern kitchen with stainless steel appliances
- Open plan lounge and dining area (air-conditioned)
- Polished floors throughout for a sleek and elegant look
- Downstairs features a double garage, laundry, and teenagers retreat
- Almost legal height downstairs - the perfect canvas for a dual living home
- Current tenant on a fixed lease until 22/01/2024, paying $480 per week
- Flexible tenant willing to vacate for owner-occupiers
Upon entry, you'll be greeted by a world of potential. The existing home boasts three bedrooms, with the main bedroom offering air-conditioned comfort. The bathroom features a shower over bath tub, catering to your needs for relaxation. The modern kitchen, equipped with stainless steel appliances, sets the stage for culinary delights. The open plan lounge and dining area, complete with air-conditioning, provide an inviting space for relaxation and entertaining. Polished floors throughout enhance the home's elegance and charm.
Downstairs, an exciting opportunity awaits. Currently housing a double garage, laundry, and teenagers retreat, this area offers almost legal height, making it the ideal canvas for a dual living setup. Imagine the possibilities and income potential that await in this versatile space. The property is currently tenanted on a fixed lease until 22/01/2024, with a rental income of $480 per week. The tenant is flexible and would be willing to vacate if an owner-occupier wishes to move in.
With its dual street frontage and generous dimensions, this property offers endless potential for subdivision, dual occupancy, or other creative development ideas. The allure of adding value and building wealth in this sought-after location will attract astute buyers looking to seize this rare opportunity.
Don't miss your chance to secure this remarkable property with its unparalleled potential. Act quickly, as opportunities like this do not last long. Call now to unlock the possibilities and embark on a lucrative journey of wealth creation and growth.
Property ID: #L23148276
