Buy Now, Landbank, Build Later
A subdividable 624sqm city-edge plot in a street where new developments are going up at a phenomenal rate of knots with high-density residential zoning offering potential for the construction of four three-level townhouses (subject to consent).
Get onto the Council and discuss your plans to build new and try and coincide the start of building with expiration of the current fixed term tenancy in February 2022.
Currently occupied by a three-bedroom 60s brick single level 122m² home with a conveniently accessible street-frontage and connectable utilities with tenants providing holding income at $510 per week.
Close to the University and CBD, the location is highly popular with both young professionals and students providing an almost certain succession of renters.
Do a fly-over on Google Maps or take a drive through the neighbourhood and you'll soon see that these developable sections are getting snapped up as fast as they're listed.
An incredible landbanking/development opportunity where you can get in front of the curve with guaranteed interim income until you're ready to start turning the turf - Call Mark Keesom on 027 533 7661 for further information.