860m2 Duplex Opportunity & Current Investment Earning $66k p.a DA Lodged!
Looking for a high-performing investment with a development opportunity? This is an exceptional chance to acquire a duplex development site with all the hard work done!
A DA has currently been lodged with Canterbury-Bankstown Council for a two-storey duplex including a garage, swimming pool and pool house. Currently tenanted returning $66,300 per annum, you'll earn substantial income while waiting for approval to build.
Located centrally between Belmore, Roselands and Clemton Park villages, there is ample choice for local schools, restaurants, transport connections and supermarkets and ensuring lifestyle convenience for years to come.
Current Site - Land size of 860sqm and 15.24m frontage - Double brick home and granny flat on the site, tenanted separately - Main home is partially renovated with 4 bedrooms and gas kitchen - Granny flat is near new and council-approved with 2 bedrooms and separate entry - Triple car garage, two carports and ample off-street parking - Massive rear yard with deep land area - Quiet, wide and family friendly street
Development Opportunity Lodged! A Development Application has currently been lodged with Canterbury-Bankstown Council for a luxury two storey duplex each with substantial site area at 430m2 and 431m2 respectively. Save yourself the hard work and cost of the planning stage and get ready to execute and bring these dream duplexes to life with your expert building skill (on approval) or re-submit your own plans.
Current Rental Income - Existing home = $41,340 p.a ($795/week) - Granny Flat = $24,960 p.a ($480/week) - Total rental income = $66,300 p.a
For Sale: By Negotiation Land Size: 15.24m X 56.64m/56.36m = 860m2 approx Inspection: As Advertised or By Appt Details: Michael Sabongi 0448 419 008 & Jenny Nassour 9758 2744
All precaution has been taken to determine the accuracy of the above information however, all interested parties are to rely on their own inquiries and professional advice.
Inspections
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The value of a block of land without any buildings, landscaping, paths, or fences. This is different to the block's market value. A block's unimproved value is used to calculate rates and land tax charges.
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Nearby sales
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We found 8 houses with 6 bedrooms that just sold near 1 Garden Street Belmore
Property history
You don't need a time machine, we've built one for you. Research this property's past sales on the timeline below.
26 Apr 2022
Sold
Professionals Belmore
Listed: 02/11/2021
Block size: 860m²
Transfer type: Full transfer
14 Feb 2020
Sold
$0
Contract: 14/02/2020
Transfer: 14/02/2020
Block size: 860m²
Transfer type: Full transfer
05 Feb 2019
Sold
$600,000
Contract: 08/11/2018
Transfer: 05/02/2019
Block size: 860m²
Transfer type: Full transfer
Purpose: Residence
Belmore suburb information
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SummaryMedian sales
Average Age
40 years
Population
13,781
Listing ID: 182235782. This listing has been viewed 17 times. It was first displayed on 22/01/2024 and last updated on 24/04/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.