Situated on Approximately 5 Acres of premium land in Cranbourne South lies this great opportunity. With a potential rental yield of over 6% and further sub division options down the line (STCA) being only a stone's throw away from Botanic Ridge. With two separate entrances on both Browns Road and Carramar Road and an established lease of approx $110,000 per annum from a nursery.
The main house consisting of: - Four bedrooms with built in robes, master with full ensuite. -Three Bathrooms -Timber Kitchen and Floor Boards Throughout -A fireplace -Ducted heating -Refrigerated cooling -Four covered parking spaces
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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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Section 47AF of the Estate Agents Act 1980
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