Sold $2,190,000

SOLD - $2,190,000

Development Site

Three houses to be sold in one line. Approximately 30.48 metre frontage & total area of 1,532 square metres.

Here is an opportunity to buy a site ripe for development. Zoned R4 - High Density Residential and in a street with other apartment buildings it is one of the few remaining sites so close to the station and schools in this area that is not on a main road position. A short 110 metres from local schools and only 450 metres from the train station. This area is also serviced by several bus routes, Roselands Shopping Centre is very local and access to the M5 motorway is convenient, making any development opportunity lucrative with high flexibility of resales.

All properties are currently leased and return $82,420 per annum. Each residence is well maintained and can continue to enjoy rental return whilst planning and design stage of construction is undertaken, or if you wish to retain the site for improvement at a later date. Detailed floor plans/photos can be seen online for ease of reference and there will be a property viewing each Saturday for physical site inspections leading up to the auction.

Motivated sellers want the properties sold.

- Tenancy Schedule -
27 Denman lease expiry 24/10/13 Rent $700 per week
25 Denman lease expiry 02/11/07 Rent $445 per week
23 Denman lease expiry 28/08/14 Rent $440 per week

*Contract/s for sale available upon request.

Please note: All dimensions are as interpreted from the contract for sale. Any specifics relating to the site area are to be referenced back to the contract for sale and the agent makes no representation or warranty as to the capacity for development. All interested parties should make their own enquiries.

Council Rates: $290.48pq approx per property
Water Rates: $196.52pq approx per property

Contact

Adrian Abrook Real Estate Agent

Adrian Abrook

02 9569 8000

0412 569 800

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