Property listing ID: 553923
Owners ran out of steam, urgent sale required! Calling large families, investors, developers and opportunity seekers! Here is an unbelievable opportunity for you to own a "money machine" that you know will bring you huge rewards! So be quick. Consent was granted in 2004 for subdivision but was not completed. There are two huge houses: the original house was built with brick in the 1930-1950's era, solid and beautiful but dated. The back house, with CCC issued, is approx 10 years old, a modern contemporary design in board & batten. From here you can enjoy beautiful views over the fence to Forest Hill Park. The specifications are: 1247sqm (more or less) 2 houses, 290sqm approx combined floor area Front house: 4 bedrooms, 1 bathroom. Rental appraisal $550 pw Back House: 6 bedrooms (or 5 + study), 2 bathrooms, spacious open-plan living. Rental appraisal $680pw. There's potential for $63960pa gross income. The front house is currently tenanted but both houses will be available for vacant possession. There is plenty of space here to add garaging and carports. The initial owner had great plans to complete this subdivision but now it has become an unfinished symphony: fabulous as is but with huge opportunity to add value. Please contact us for further details on how to make this "Money Machine" work for you! Vendor's circumstances require an urgent sale! View open homes at 3-3:30pm Saturday/Sunday or phone for a quality viewing time.
Listed by Barfoot & Thompson , Ying Li Howe (Glen Eden)