Calling all first home owners, builders, developers and investors looking for an easy short term project.
On offer is the remaining lot of an approved 3 strata subdivision. Currently on the one title the lot has DA approval for 2 homes that can be strata titled on completion. All headworks contributions paid and all service connections in place.
OPTION 1
Build one home for now with a large yard on a 611m2 lot - allowing the opportunity to sell the remaining lot or complete the other home in the future. Great starter for the first home owner!
OPTION 2
Build both immediately - split the title for a resale profit - or build and hold on one title as a great investment.
• Lot 1 land size = 310m2
• Lot 2 land size = 301m2
Rental appraisal for each completed home shows $500 to $520 per week.
Building quote for both homes $530,000.
The approved homes are identical 166m2 three bedroom free standing houses which include:
• Open plan kitchen/dining/living room
• Main bedroom with walk in robe and ensuite
• 2nd & 3rd bedrooms with built in robes
• main bathroom with separate shower and bath.
• Separate WC and laundry
• Double lock up garage
The ongoing development within Fraser Cove estate, the imminent highway off ramp and proposed tavern indicates the time is ripe to grab this opportunity.
