Existing 4 Townhomes Zoned 3 Storey Development Site of 1,012sqm

A fantastic opportunity exists to purchase a development site currently zoned for 3 Story unit complex.

This 1012m2 allotment currently boasts 4 town houses returning $75K per year which is close to 4.5% return on current figures. Given the enormous value in the land, you could develop straight away or perhaps start making enquiries into the likely hood of being able to rezone up to 5 stories as you are located under 200m from both train and major shopping centre.

Whether you land bank or you develop, either way this is a prime site in a very sort after location a very short walk to trains, restaurants, shopping centres and all the cafe's you could possibly want. A real metropolitan precinct, take advantage of this great opportunity and investment in your future!
Please note, 8 Beds 4 bath is the total number over the 4 separate town homes on separate lots, however the Seller has decided to sell the site as one.

For further details and inspections, contact Scott Edwards 0409 90 40 60.