Land approx 7.62 × 41.02m. First time offered for sale in over forty years is a property representing a unique and outstanding opportunity for an astute investor and/or builder requiring capital growth coupled with potentially high rental returns and loads of potential for redevelopment. This property contains 7 council approved bedrooms forming five apartments with kitchenettes, three bathrooms plus extra shower. This property may have potential to be used as a Bed+Breakfast, boutique Backpackers Accommodation or hostel, subject to Council consent.
An ideal investment so close to the city, transport and all amenities.
|R&H Suburb Summary||Houses|
|Number of sales||100|
|Median Rental Price||$850 p.w.|
|Change in Rental Rate (5yr)||13 %|
|R&H Suburb Summary||Units|
|Number of sales||32|
|Median Rental Price||$510 p.w.|
|Change in Rental Rate (5yr)||3 %|