Investment Opportunity with the Potential to Return over 10% Annually
Here is a rare opportunity that presents unlimited options on a 962sqm approx block that has rear access along with a 50sq double brick double story home that is built to last the ages.
This is only the second time this property has been presented on the market.
For the most interesting part, the property comes with the plans and permit of 3 large size SDA homes, equivalent to 3 bedrooms, 2 bathrooms, designed by award winning architect Archsign.
The costs, lengthy, extensive work on the plans and permit have been done for you and presents a return opportunity like no other in the market. Once completed, the 3 homes provide a chance to derive greater than a $300k annual income front rent. That's a buy and build that presents an opportunity to return 10% and more on your investment. Could it be the retirement income opportunity that is positively geared.
Otherwise the house itself has 4 bedrooms, 2 bathrooms, separate dining, lounge room, a rumpus room downstairs that starts from the front of the home to the rear. An L shaped front balcony that's as large as any balcony you have seen. Not to mention the significant garage that would cater 3 cars at least. Then to the backyard that doesn't seem to end. At the rear of the property, there is a lane that is approx 8 meters wide..perfect to part the truck/boat and caravan all in the backyard.
