This unique, large parcel comprises of two individual lots on 3,754 m2, or almost an acre block, and represents a fantastic opportunity for an astute investor or builder to walk into an income producing property with subdivision potential.
Comprising of two dwellings, both council approved, they are both leased to long term tenants who wish to remain.
The first home has three bedrooms, kitchen, lounge, bathroom, air conditioning, and wood-burning fireplace. The second residence is self-contained with a combined lounge/bedroom, and kitchen and bathroom.
Multiple sheds and buildings offer storage and the block is flat with wide front access and vacant land to the rear.
Utilize this opportunity to invest in a suburb that has a strong housing demand, has a tightly held rental market, and is a growing area with new enterprise, business and infrastructure being approved. South Kempsey is growing quickly but still represents great value with median prices consistently climbing.
With close proximity to Crescent Head, South West Rocks and Hat Had beaches and with Port Macquarie and Coffs Harbour only a short commute away this investment ticks all the boxes.
Zoned R1 (General Residential) this parcel is ideal for potential redevelopment into two separate homes, villas, units, or a large home on a substantial sized block (STCA), you can land bank this land whilst still deriving an investment income from it.
The potential to reap the rewards in strong and this property won't last.
Property ID: #1P5751
