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Global RE is thrilled to bring to the market this wonderful money making opportunity. These clear 2 properties has the potential to host up to 6 level building with building heights of 19m. with such highest neighboring existing buildings achieved around 50 unit on similar land dimension and specification. This particular location can be hosting affordable housing. all application has to be subject to council approval.
current resale for brand new 2 bedrooms units in the area approximately 600k while 3 bedrooms are achieving approximately 670k
Each property enjoys 920m2 land and 20 meter frontage.
43 Chamberlain is approved for funeral homes. it used to be operating as such for few years. currently it is vacant with potential rent around 60k/annum plus GST
45 Chamberlain is being tenanted for 500/week with potential to increase the rent to 600/week
the properties located only 1.8KM to the station and 1.7KM to the shopping Mall
this opportunity is waiting for a lucky developer to snatch it