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.
