Which option is it for this cash cow?
BBQ - Located on a large and flat freehold section of 969sqms, this property holds great subdivision potential, with a promising mixed urban zoning, and with good clearance to the rear of the site, there are some good gains to be made here. Or, already being on 2 separate titles, a quick build option may even be viable on the rear site ( subject to council approval ).
MILK - Buy and hold - this property holds great current earnings with potential for increases, consisting of a traditional 3 bedroom 1970's home on the top level, a two bedroom unit with internal garaging below + a converted sleep out/garage on the rear section.
This multi income property boasts a multitude of options for smart and savvy buyers. Either capitalize on the current weekly rent and milk the returns, or fire up the heat, and develop the site.
Either way this property is on the market to be sold and offers a lot, so be sure to get in touch to view!!
Rental appraisal, Certificate of Title and LIM available on request.