Located on the wide and quiet Browne Street - one of the most desirable streets in New Farm, this outstanding property presents the astute buyer an opportunity rarely seen in New Farm.
The original homestead over time has been modified and converted into 2 identical flats. The property until recently did have demolition approval, however our advice is once approval's are given the chances of reinstatement are usually quite high but again not guaranteed.
Your options are as follows:
1. Land bank- Leave as two flats and enjoy the capital growth
2. Renovate and turn into a gorgeous family home with a huge backyard
3. Potentially demolish & build that dream new home
4. Lift and turn 2 flats into 4
Flat number 4 is currently leased with flat three currently vacant. Flat 4 is rented for $410/week and the lease ends in 4-7-2014.
