Fantastic Investment Opportunity!
Positioned in a wide riverside street this rare site offers position, potential and income.
| 6 apartments in total consisting of 5 x 2 bedroom single level apartments & 1 x 3 bedroom 2 level townhouse
| Total land area is 1,295sqm on one title
| All apartments are permanently let out with gross rental of approximately $80,000 per annum
| Full Development approval for three luxury apartments covering the site
| Significant dispensations achieved in plans that may not be achievable if submitted today
| Further extension granted to Development approvals out to the 3rd of February 2014
| Superior position with wide streetscape and very close river proximity
| Located in a central high growth area with quality properties surrounding
With very few large development sites left in such close proximity to the river, this is a great opportunity to purchase with all the planning work done.