EXCITING OPPORTUNITY - LAND BANK AND RE-DEVELOP AT LEISURE
To say this property has "scope" would be a gross understatement. Positioned in the centre of Newtown and just around the corner from Pakington Street shopping strip all your requirements are met for retail therapy, dining and schooling. With recent sales in the street achieving in excess of $1.5 Million it is evident that any re-development on this site will be rewarded with strong capital gains. The home in its current configuration offers two generous bedrooms, open plan lounge and dining room, neat kitchen and central family bathroom. Garaging and a bungalow/studio is accessed via a right of carriageway down the side lane. Currently tenanted at $390 per week till 6 July. The tenants have expressed a desire to further extend this lease if possible making it ideal for those looking to receive an income whilst putting plans in place to construct a new townhouse or renovate and extend the existing home. The land measures 12.19m (frontage) x 35.36m (depth), totalling 431m2 (approx.) The options are endless!
Lot/Plan No: 1/TP599211