Exceptional Investment: Block of 6 Townhouses with Significant Development Potential
Introducing a remarkable opportunity to acquire a substantial block of 6 townhouses in the highly sought-after locale of Punchbowl. This unique offering presents both an immediate income stream and significant future development potential.
Occupying a generous land area of 983sqm with a wide 20.42m frontage, this property has been intelligently designed as a strata scheme comprising of 2 three-bedroom townhouses and 4 two-bedroom plus study townhouses. Currently generating an impressive rental income of approximately $3,495 per week, this investment opportunity is too good to pass up.
The property's highly desired R4 zoning opens the door for extensive development possibilities (STCA), making it an attractive prospect for developers and savvy investors alike. The potential to capitalise on this rare offering is immense, given the increasing demand for medium-high rise housing in the area as part of the Sydenham to Bankstown Corridor Strategy.
Strategically located, this property enjoys the convenience of being just a short walk away from Punchbowl station and the bustling Punchbowl shopping precinct. This prime location, coupled with the property's development potential, positions it as an exceptional investment or development project.
Don't miss out on this rare chance to secure a high-yielding property with outstanding development prospects in a thriving Sydney suburb. Contact the exclusive selling agents for more information about this exceptional offering.
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Contact Elie Semrani 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.
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.