Nestled in the heart of Glen Innes, this outstanding 796 square metre development potential opportunity is a rare find (Residential Mixed Housing Urban Zone). Situated on the border of Glendowie and just minutes away from the prestigious Sacred Heart College, this location offers a wealth of opportunities for developers and investors alike.
Location, Location, Location: Enjoy the convenience of being just a short drive away from Mission Bay, St Heliers Bay, and beautiful reserves. The possibilities for recreation and relaxation are endless. This property truly epitomises the essence of convenient living. With all these amenities like the train station, the supermarkets and the leisure centre just a few minutes' drive from your doorstep, you'll experience the perfect blend of comfort and accessibility.
Subdivision Potential: This site comes with the exciting prospect of subdivision. The vendor has even provided a concept plan for 7 townhouses or 5 standalone houses (Subject to the Council approval), making this an ideal investment opportunity.
Thriving Community: Be part of a thriving community with numerous new buildings surrounding the area. As the neighbourhood continues to grow, so does the potential for this development site. Rental Income: Currently, the house on the property is tenant occupied, generating a steady rental income of $650 per week. This is a fantastic bonus for those looking to invest while planning their development.
Motivated Vendor: The vendor is highly motivated and must sell. This is your chance to secure this prime development site at a great value. Don't miss out on this exceptional opportunity to shape the future of Glen Innes. Contact Team Avi & Jun today to learn more and take the first step towards realising your development dreams.