As far as investment and development deals go, they surely do not get much better than this unique opportunity! - Large 4,838 sq. metre, Fringe CBD site, level & within walking distance to all CBD amenities. - Existing commercial tenancies in place, with a passing net rental income of $71,000 p.a. - Development application with council for 14 single level townhouses each with 3 bedrooms, ensuite bathrooms & single garage. - Develop now & sell; Land bank with the existing income or Develop and Rent out the completed development with a potential gross return of $350,000 p.a.
This prime blue ribbon investment opportunity will sell quickly! Call today for plans and further details.