MONEY MAKER
An exceptionally rare and unique development opportunity is ready for the taking, with the ability to purchase three solid brick homes in a row, side by side, with a total land area of 2133sqm.
With the City of Melville set to change the area's building zone in this street from R20 to R40/R60 (STCA) as per the City of Melville Proposed Re-structure Plan in 2015, the purchase of these 711sqm blocks will secure your financial future.** One of the properties is currently leased at $400 per week with the lease expiring in September 2014.
All three properties have been well maintained and present neatly with the capacity for a rental return of between $400 - $500 per week, giving developers a steady stream of income until the proposed R Codes are amended.
Each home reflects the character of their era, with three bedrooms, a single bathroom and timber flooring throughout as well as a games room, while the blocks all have a wide verge and established trees on the property.
This is an opportunity not to be missed where you can secure your future through development. Live in and develop at your own pace or take on a large project and reap the rewards! 翻譯中文