Developers Investors - Unique opportunity, 2 separate Titles - one vacant land

Now with tenants on a periodic lease, this property in Tatura, a thriving town that is growing rapidly, this property presents an opportunity to develop this land into 10 + units or alternatively it could suit 2 families to live close by whilst building a new large dwelling/rooming house at the rear on the separate title. There would be ample time whilst this one is tenanted to obtain planning and building permits or indeed to just keep the property as an investment and have a renewed lease with the tenants at the end of the 12 months.
Set on 2657sqm of land in two titles in the township this established 3 or 4 bedroom house along with a separate newly renovated 1 bedroom unit is positioned on a separate title to the land at the rear which has a driveway entrance from Hastie Street. Perfect for a developer to either develop the whole land lot or to have the front dwellings rented to tenants and to develop the rear land (STCA). The front house has a large lounge-room, laundry, large kitchen with a Metters wood fired oven/range and an upright Euromaid stove, lots of bench space and under-bench storage with heaps of room for a dining table, 3 bedrooms, bathroom with bath/shower overhead and vanity plus a 2nd shower and the toilet closer to the rear rumpus room/4th bedroom at the rear of the home. The separate unit is totally self contained with 1 bedroom, kitchen, en-suite bathroom/laundry and a lounge-room. This is a rare opportunity to find a larger Titled lot with the potential for re-development or the rental potential with a single dwelling or multiple dwellings at the rear and the established dwellings at the front. Current rental for the house and unit is $620.00 per week. Call the agent to inspect this property to realize the full potential.

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