A magnificent and extremely rare opportunity to secure four (4) adjoining properties comprising a total land allotment of approximately 2,518sqm which has recently been re-zoned to R4 High Density Residential, allowing immense value adding opportunities and development potential (S.T.C.A.). Strategically positioned within close proximity to Fairfield CBD it provides direct access to various primary and secondary schools, multiple shopping centres and public transport routes offering a strong focus on convenience and location. Investors will also have the ability to enjoy a diversified income potential generated from the existing dwellings with the prospect to eventually add value through future development or re-sale with approved development applications.
Site Particulars: • Zone R4: High Density Residential • Total Site Area: 2,518sqm ( Approx. ) • Frontage: 51.2m • Floor Space Ratio - 2:1 • Potential Building Height: 20m
Development Potential Subject to Council Approval: • Residential Apartments • Child Care Centre/Facilities • Community Facilities or Places of Public Worship • Boarding Houses • Respite/Age Care Centres
Site Proximity: Fairfield CBD: 800m Fairfield Forum: 800m Fairvale Public School: 800m Fairfield Train Station: 1000m
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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.