Going Off
This property is going off-market (for now). It is a 650m2 lot (approx) with an 18m+ frontage, zoned LMR2/3 with no character overlays. It
has some minor flooding but it is gently sloping and we have the ability to fill above this. Further, the price would be a lot higher if it
wasn’t affectged by water. It is in a quiet street and backing onto parkland. The opportunity is for a 2 lot subdivision for rooming houses,
with the location bang on perfect for this. Our numbers indicate an 18.9% equity gain adn 9.2% gross rent return for a 2 rooming house
development at a purchase price of $980k. Interested buyers should call Justin on 0410511535.
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