Council town planning allows for a sub-division into two blocks for properties such as this - land size, zoning and having 2 street frontages (make your own confirmation but the Seller's research backs this up). The new block would potentially be 600m2 with a 20m frontage (subject to Council approvals).
Excellent 3 bedroom cottage to the front and accessed from Pike Street would be the new gently sloping block. The residence has been tenanted to the same Tenant for 13.5 years. Currently leased at $220 per week.
Fully fenced, in good condition, handy to all shopping and main street venues.
Opportunities such as these are fast becoming rare as the proverbial hen's teeth so don't delay - book an inspection and get a Contract and either get underway with the development or park it for a while and still have the income stream.
Contact Logan Steele on 0418 723 495.