DON'T MISS THIS GEM CURRENT RENTAL RETURN & DEVELOPMENT POTENTIAL
CONTINUE MULTIPLE DWELLING LEASES' WHILE DEVELOPING
5-11 Smith Road is a listing like no other and includes approximately 11 acres of residential zoned land that is excellently positioned amongst the seaside township of Cowell. The local school, library, and hospital are all within close proximity and main street facilities nearby. Added to the value for money listing is a 3-bedroom house and self-contained unit that are both currently attracting rental incomes and have a strong possibility for the new owner to secure long term lease agreements.
With approx. 11 acres of residential land available to purchase, the development options are endless. Cowell continues to be a high demand long and short-term rental location. The possibility of creating a new sub-division (local council approval dependent) would be sure to catch the attention of people looking to build their dream home amongst other new dwellings.
Currently positioned on the front left-hand corner of the property is a timber framed, cladded, 3-bedroom house. A self-contained unit that includes a kitchen / dining space, bedroom, and wet area could be used as a fourth bedroom or left as is and rented separately. Also included is a double sliding door shed, along with separate poly and iron rainwater tanks.
To see the full potential of the property, book an inspection with Nick 0428 383 833. Current lease agreement details, along with future sub-dividing requirements can be obtained on request.
Features include: Close to Schools,Openable Windows
Inspections
No open inspections scheduled.
Send an enquiry
Contact Nick Schumann 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.