Situated on an 817sqm corner block, this original single level home and additional studio has the development potential to build torrens title residences or an attached duplex (STCA). Set in a quiet location with a gross rental yield of 5.5% making this an ideal property to land bank and slowly acquire development approvals with no rush.
- Three bedroom main residence with ample yard and garage access
- Large living area with renovated bathroom and huge laundry
- Natural fall to sewer mains which corner around the block, not through it
- Currently returning a rental income of $960 per week
- Separate studio with two bedrooms, single car garage and fenced yard
- In total, five bedrooms and two bathrooms with a split double car lock-up garage
- Rare 817sqm parcel, with an attached duplex on the neighbouring corner block
- An array of pristine local beaches, medical and shopping within a 10 minute drive
- 15 minutes to the M1, 60 minutes to Wahroonga, 45 minutes to Newcastle
- Walking distance to local shops, boat ramps, restaurants and primary school
KEY DETAILS:
Council Rates $1,753pa
Water Rates $1,147pa