Set on approximately 12,173m2 - approximately 3 acres, this beautiful parcel of land within the urban growth zone is located opposite parklands and sporting facilities and offers a unique opportunity.
Potential sub-division in the near future subject to council approval with preliminary plans already drawn up for 20 blocks ranging from 400-797m2. These plans can be viewed by contacting the listing agent.
There are two homes on offer each with its own storage shed and include:
House 1 - Solid 3 bedroom brick veneer home, 2 bathrooms, 2 living areas, 2 car garage and heating on approx. 21/2 acres. Rental potential of up to $550 per week.
House 2 - Renovated 2 bedroom timber cottage, 1 bathroom with heating & cooling on approx. 1/2 acre. Currently leased to a fantastic tenant happy to stay on currently paying $250 per week / $1080 per calendar month.
Potentially, a combined rental investment return of over $40,000 per annum, whilst you wait to plan your future sub-division.
Within easy access to major arterials, Melbourne Airport, schools & shops, this rare opportunity will not be around long so organise your inspection today!
Land Area: 12,173 sqm
Parking: 3 cars