With changes to Negative Gearing, opportunities to landbank future development sites are rare, especially when they are metres to Padstow CBD and train station.
3 and 5 Segers have a combined 1131m2 ( apprx) with a total width of 24.99 metres(apprx). With 2 existing houses, both currently leased.
Set in a high density R4 zoning, the opportunity to capitalise in a highly sought after street is as good as striking gold.
•Total of 9 bedrooms, 4 bathrooms and multiple off-street parking
•Sidewalk lane access direct to Padstow CBD, neighbouring 5 Segers ave
•Metres away from shops, café, Schools and public transport
•Opportunity to develop shop top units or affordable housing (STCA)
Whilst many may question the new budget plans, new housing is the biggest winner. Look to the future and take full advantage of the budget changes.