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Ripe & Ready for either Renovation, Development Or Just Sit Back by Land-Banking for the Future is this Rarely Available Opportunity in Highgate Hill. Situated on a BIG 931m2 Block of Elevated Land, Zoned LMR is this Block of 3 x Timber Multi Dwelling Flats. Currently Configured as 2 x 1 Bedroom, 1 x 3 Bedroom, all have their Own Kitchens, Bathrooms, either with Carpet, Lyno Or Timber Floors throughout, All are Clean, Tidy and Currently Rented for a Total of $815 gross per week. This Prime Property Offers a Variety of Re-Development Options, Or it could Just be Spruced Up a little for Higher Income Return, while the Land Keeps Growing in Value.
The Brief;
*Elevated with Rear Northerly/City Glimpses!
*931m2 Prime Land to Invest In Or Develop!
*Currently 3 Timber Flats with $40K Income!
*Short Easy Walk to Schools, Shops Or Cafes!
After more than 10 Year's of Ownership, Our Seller's Instructions are Clear, "We are Committed Elsewhere" and Want a Sale!
For Further Details Or to Arrange an Inspection of this Property, Please Call.
Property ID
17770225
Land Content
931
Land Size
931 Square Mtr approx.
Building Size
180 Square Mtr approx.
Rental Return
$40000 Yearly Actual
Rates
$2235 Quarterly
Total car spaces
2
Floorboards
Frontage
20 meters Approx.
Water Rates
630 Quarterly
Director / Licensee Broker
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