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Ok buyers, this is a very wise purchase indeed. Positioned in the popular suburb of Tea Tree Gully and offering a HUGE 893sqm of land (approx) with a 19 meter frontage (approx) ripe for re-development (stcc). Please contact Tea Tree Gully council and conduct your own research, however minimum requirements for subdivision are a 300m2 allotment size and a 9 meter frontage, which fits with this property.
The property is being offered for sale for the first time in around 50 years!
The home does contain asbestos, however everything is sealed and in good working condition. The home could be lived in whilst obtaining approvals to develop the site from council, with a rental estimate of $300 a week.
There is a large tree on the property, which is within 5 meters from the existing house and we have obtained an arborist report. This can be provided to you upon request.
Land is rare to come by these days and the home could be redeveloped (stcc) to make way to build two new large 4 besdroom homes, and depending on what you build here, resale could be anywhere between $400,000 to $650,000 per property depending on plans (which we can quote).
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