For inspection by appointment. Please call Mary on 0421 300 938 to book a time to inspect on Saturday.
Current rental income - $51 000 PA from this residential property divided into 1 and 2 bed flats. Fully renovated around 22 years ago. An investment with development potential. Perfectly located on a 994.3 SQM quiet and peaceful battle-axe block opposite Mt Colah Railway Station. Bushland views. Zoning is Commercial (E1 Local Centre) with the current use being Residential. Tightly held position! It is your opportunity to buy for first time in 32 years.
Buyer options:
- Current use - an investment with 3 income streams OR live in one flat and rent out the other two. Residence divided into 3 flats around 60 years ago or more. All tenants pay rent on time and have been living in the property for very long periods
- Knock down and build a new home
- Potential re-build as a group home with a Medical Practice around the corner
- Potential re-build as a boarding house
- Potential re-build for business purposes OR combined residential & business
NOTE- all changes subject to Development consent.
An outstanding opportunity! Call Mary at 0421 300 938 to organise an inspection.
Disclaimer: While every care has been taken in producing the above information, no warranty is given or implied to the accuracy. Prospective purchasers are requested to take such action as necessary to satisfy themselves in this respect.
