Verkauft
Presenting an outstanding opportunity in the increasingly popular suburb of Thomson, this property on a generous 668m? (approx.) north-facing allotment offers dual income streams with plenty of potential. Comprising two separate 1-bedroom units on one title, the back unit (15A) is tenanted at $300 per week, while the front unit is currently vacant, previously rented at $310 per week. This makes the property an ideal investment with immediate returns and renovation potential.
Whether you're an investor looking to capitalize on rental income or a renovator with a vision, this property offers immense flexibility. Renovate the front unit while continuing to receive rent from the back unit, or explore the potential for a larger project-conditional Planning Permits have been approved for a three-unit development, allowing for the construction of 2 x 3-bedroom, 2-bathroom, 2-car units, and 1 x 3-bedroom, 2-bathroom, 1-car unit. The plans are available on request and are configured to optimize the site's potential.
Location Highlights:
? 5 minutes (approx.) from Geelong CBD, Eastern Gardens, and Waterfront
? Close to medical precinct, Geelong Showgrounds, Farmer's Market, and Bellarine Rail Trail
? Walking distance to Tate Street Primary School, Newcomb Secondary College, and local reserves
? Less than 5 minutes (approx.) from Bellarine Village and Newcomb Central Shopping centres
? Excellent access to the Bellarine Peninsula's beaches, wineries, and attractions
Take advantage of this prime city-fringe location that's ideal for investors, developers, or those looking to build their dream home. With Thomson's growing popularity, now is the time to secure this unique property and enjoy future rewards.
For more information or to request the conditional plans, contact us today!