Development Site (S.T.P.A) with Existing Registered Apartment House
Substantial Period property with circa 1960’s later addition creating one of the few remaining ‘Registered Apartment Accommodation’ Houses in the area.
Comprising a total of 17 lettings of which 5 are self-contained studios.
This property offers an outstanding opportunity for a range of uses potentially by Institutional buyers, Government and Semi-Government organizations Religious groups or Developers seeking a Triple A Elwood location.
Land of approx. 741sqmt.
This property has provided an excellent and consistent income for many decades to the long standing interstate Vendor and is currently returning a gross amount circa $165,000 p.a. approx.