Potential-packed with rare DA approved development
113 Station Street, Newtown
For sale for the first time in 50 years - The power of location, proportion and future development potential come to the forefront with this superb property offering. Set on an extra-wide 348sqm (approx) land parcel with dual street frontage, this large versatile residence comes complete with DA approved architect plans for a duplex development; approved for torrens title subdivision. It offers so many options with potential to continue to use as an investment with immediate rental returns, a great renovation project or an opportunity for developers. Either way, it represents a unique prospect with a big future and is locatedjust around the corner from all of Newtown's lifestyle amenities.
- Approved dual occupancy site with architect plans available
- The existing home has been smartly refreshed and is in good condition
- Currently configured as two separate apartments with private entry
- Potential dual income with previous rental return of $78k per annum
- Two newmulti-level residences will retain the classic Victorian façade
- Each will have three bedrooms and a basement level living space
- Private landscaped gardens and outdoor entertainment areas
- Two garages at the rear will each have a self-contained studio above
- Prime location within a stroll to King Street dining, shops and train station
Ray White Auction Centre - 168 Missenden Road, Newtown
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Lot/Plan No: 1/DP1204809