HOUSE FOR SALE WITH DA APPROVAL FOR 4 UNITS, 3 TOWNHOUSES OR SUBDIVISION
155 Nursery Road provides an exciting opportunity for an astute investor or developer wishing to take advantage of the current development approvals in place.
Currently the owner has Apporvals and plans for either 4 units, 3 townhouses or a simple subdivision.
The location offers maximum convenience including easy access to many retail outlets, schools and public transport providing quick access to the CBD.
Currently this three bedroom, one bathroom home on 607m² has tenants in place until OCT 2019. Currently returning $390 per week with tenants happy to stay long term this lovely cottage home features polished timber floors, decorative ceilings, renovated bathroom and rear deck.
The site is being offered with Development Approval for 4 units:
ÃÂ· 2 units with 3 bedrooms, 2 baths, 2 car parks
ÃÂ· 2 units with 3 beds, 2 baths and 1 car park
ÃÂ· Extra visitor car space
or a separate submission for a 1 into 2 subdivision.
or a separate 3 townhouse developemnt
If you are looking for an ideal opportunity and take advantage of all the hard work being done, please call Mark Evans for an inspection today.
|R&H Suburb Summary||Houses|
|Number of sales||97|
|Median Rental Price||$480 p.w.|
|Change in Rental Rate (5yr)||3 %|
|R&H Suburb Summary||Units|
|Number of sales||16|
|Median Rental Price||$373 p.w.|
|Change in Rental Rate (5yr)||-7 %|