Auction 15/06/24
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21 & 23 Queen Street, Revesby NSW 2212

House
1048
Block size: 1846 m² approx.

Rare Opportunity Set On Approx 1846.9sqm With A Combined 30.48m Frontage

Step into your ideal investment opportunity! This remarkable property presents not one, but TWO expansive 3-bedroom houses, complemented by a 2-bedroom granny flat and a 1-bedroom retreat all nestled on approximately 1846.9sqm of prime real estate with a combined frontage of 30.48 meters.

Picture the future possibilities for development! This property, with its generous space and close proximity to amenities, is a haven for developers. A Blue chip opportunity for a childcare Centre for up to 140 students, or detached homes, or 4 dual occupancy with granny flats - the potential is endless (Subject to council approval).

Strategically located just a 5-minute drive from Revesby station, shops, and amenities, convenience is at your fingertips. Currently, two of the properties are already leased, generating a solid income of $510 per week for one and $530 per week for the other The third property has a rental potential of $850 per week, offering a combined rental income potential of $1,890 per week.
Located close to the M5, commuting is a breeze, making this property not only an investment gem but also an attractive living option for potential tenants. Don't miss out on this rare opportunity to secure an investment with limitless potential.

- Two spacious 3-bedroom homes, a 2-bedroom granny flat, and a 1-bedroom retreat
- Total land size approximately 1846.9sqm with a combined frontage of 30.48 meters
- Blue chip opportunity with 2 lots sold in one line, Ideal for developers seeking endless possibilities
- Prime location just a 5-minute drive to Revesby station, shops, and amenities
- Current rental income: $510 P/W for #23, $530 P/W for #23A with potential rental income of $850 P/W for #21. Further potential for an additional income from the retreat
- Combined rental income potential of $1,890 per week + potential for further income
- Versatile property with potential for development, including childcare centre, free-standing homes, dual occupancy with and a granny flats (subject to council approval)
- Convenient access to the M5 for easy commuting, Ample off street parking

Disclaimer: All information contained herein is gathered from sources we believe reliable. We have no reason to doubt its accuracy, however we cannot guarantee it. All interested parties should make and rely upon their own enquiries.

Inspections

No open inspections scheduled.

Send an enquiry

Contact Lush Pillay to learn more about this property, request an inspection or take an online tour.

Auction

Saturday 15 June, 11:45am
On Site

Key details

Bedrooms:
10
Bathrooms:
4
Garage Spaces:
8
Property type:
House
Block Size:
1846 *

Other Details

LJ Hooker Padstow

Maps and area information

Block information
Block size: 1846 (approx)
Block Map
No block information available
Measurements are estimates only and based on data provided under licence from © PSMA Australia 2024.
Sorry, overlays are not available for this address
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A block's planning zone defines how that land can be used and what can be built on it.
A right to use a part of land owned by another person for a specific purpose. The most common forms of easements are for services, such as water, electricity or sewerage.
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.
This represents the shape of the geographical land. Closely spaced contour lines represent a steep slope. Widely spaced lines represent a gentle slope.
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Property history

We couldn't find any history for this property.
See Revesby's suburb profile

Revesby suburb information

A little bit about who lives locally, as provided by government census data
SummaryMedian sales
Average Age
40 years
Population
15,268
Listing ID: 182524993. This listing has been viewed 1 time. It was first displayed on 15/05/2024 and last updated on 20/05/2024.
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.