What an amazing opportunity never to be seen again to acquire a huge parcel of land in the middle of suburbia along with so much development potential. This estate has been tightly held by the one owner for over half a century and is being offered to the market for the very first time.
To be sold in one line, these 4 properties come with separate titles, services and driveways to each property and is a investor or developers dream come true. With 3 out of the 4 properties returning a rental incomes totally $69,160 p/a it has potential to bring back over $100k in rent per annum giving you a income stream while planning your next steps to develop on the land now or in the future.
Zoned R2 and with 22m frontage it allows for a multitude of permitted uses including:
* Residential Houses + Granny Flats
* Minimum lot sizes of 450sqm
* Possible 5-6 lot subdivision (stca)
* Knock down and rebuild on each lot
* Retain and renovate the front double storey home
* Childcare centre, place of worship
* Over 55's seniors housing (STCA)
* Many more options with this large land size
* Services and shared carriage way in place already
212A Brenan St
* Solid double storey brick home
* Gated, fully fenced & street facing
* Formal lounge, dining and kitchen
* 2 bedrooms with option to make into 4 bedrooms
* Ducted A/C & Solar Panels
* Detached Workshop
* Double lock up garage
* 602sqm of land
212 Brenan St
* A neat & tidy cottage style home
* 4 bedrooms and 2 bathrooms
* Dual income with registered separate meters
* Rented for $480/week combined
* 941.8sqm of land
* Recently renovated and in good condition
210 Brenan St
* 3 bedroom 1 bathroom weatherboard home
* Hardwood timber floors & formal lounge
* Detached single lock up garage
* Rented for $430/week
* 941.8sqm of land
210A Brenan St
* Brick Veneer with tile roof
* 3 bedrooms 1 bathroom
* Tiled flooring t/out
* Single Lock up garage + Carport
* Rented for $420/week
* 959.3sqm of land
Situated on the high side of the street directly across from Brenan Park, you are also a short distance from St Gertrude's Catholic Primary School, Dublin Street Shops, Smithfield RSL Club, Fairfield Hospital, Stocklands Shopping centre & Bus Stop direct to Fairfield Station.
Truly an opportunity not to be missed. Contact David Perco for more information.
Online Auction at 2pm
Saturday the 18th of September
