This prime development site presents substantial opportunities for developers and those looking for a residence with future potential. Set on a generous 2023sqm allotment with an R3 - Medium Density Zoning and a homely cottage for immediate occupation, this is a property that abounds in promise and solid returns.
• Medium Density zoning allows for unit development, with potential for achieving 7-8 units on the site.
• Development could incorporate the existing house allowing for a staged development.
• Owner occupy the house for ease of project management, or rent out for ongoing rental returns.
• Central and highly sought location just an easy stroll to shops, schools, restaurants and hospital
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With so much on offer with the property, its potential abounds so call Hennessy Real Estate to register your interest from this unique property.