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Situated in a quiet and leafy cul-de-sac location, this unique opportunity presents a multitude of development possibilities. Boasting R4 zoning and a total land area of 1,429sqm, this site will appeal for developers looking to build townhouses or units in a highly sought after location, with proven resale potential.
Attributes include:
* Two properties side by side, to be sold as one or individually
* 34 Parmal Ave - 15.24m frontage, 652sqm of land
This home offer three bedrooms, neat and tidy kitchen and bathroom and split system air conditioning
* 36 Parmal Ave - 21m frontage, 777sqm of land
This home offers three bedrooms with built in wardrobes, multiple living rooms and a long driveway for multiple vehicles
* 36 Parmal includes an updated, self contained granny flat with its own private backyard
* R4 high density zoning allowing for unit or townhouse construction
* 1:1 Floor space ratio, 13m building height limit
* Site suitable for 8 townhouses or 21 units (STCA)
* Both properties are currently rented, for a combined total of $1,560 per week
* Located in a quiet, cul-de-sac location, only 450m to Padstow Train Station
This fantastic opportunity is certainly one of a kind! Please contact listing agent Todd Owsnett or Josh Sammut for additional information.