• An outstanding development opportunity has presented itself to the market.
• Three properties side by side is a highly sought after proposition for investors and developers.
• The total land area of the combined three properties is 2,738sqm.
• Current combined rental income $45,760.00 pa.
• Some preliminary planning investigation has been undertaken by the current owners.
• 2 Manoora Avenue - 4 bedrooms, 1 bathroom, 1 car accommodation. Currently leased at $250.00 per week expiring May 2022.
• 4 Manoora Avenue - 4 bedrooms, 1 bathroom, 1 car accommodation. Currently leased at $330.00 per week on a continuing lease.
• 6 Manoora Avenue - 3 Bedrooms, 1 bathroom, and 2 car accommodation. Currently leased at $300.00 per week expiring March 2022.
• With council approval the site has opportunity to be redeveloped within the R1 zone guidelines.
• Annual council rates are $1,702.00 per property.
