This residence sits on a prime corner 587 m2 LMR site only 5 km from the CBD. It comprises 3 very basic flats. All are in need of quite a bit of work to bring them up to habitable condition. 1 is vacant and the other 2 are rented ($200 and $250/week) to long term tenants.
The new owner may choose to - continue to rent the flats while exploring their options - apply to BCC for demolition approval so the site can be redeveloped. The property is pre-war so there is no guarenteee with this - renovate the individual flats to increase the rental return and hold long term
Whichever way you decide to go you won't lose in this fabulous location. Newmarket State School, Newmarket Pool, Newmarket railway station, Newmarket Readings Shopping Centre and parkland are on your doorstep. Kelvin Grove State Primary and High schools, QUT Kelvin Grove, RBH, Airport Link, Clem 7, restaurants, cafes and all other amenities are within very easy reach.
Opportunities like this are scarce so don't delay inspecting this gem!
Inspections
No open inspections scheduled.
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Contact Janine McDonald to learn more about this property, request an inspection or take an online tour.
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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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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.