860m2 Duplex Opportunity & Current Investment Earning $66k p.a – DA Lodged!

Looking for a high-performing investment with a development opportunity? This is an exceptional chance to acquire a duplex development site with all the hard work done!

A DA has currently been lodged with Canterbury-Bankstown Council for a two-storey duplex including a garage, swimming pool and pool house. Currently tenanted returning $66,300 per annum, you’ll earn substantial income while waiting for approval to build.

Located centrally between Belmore, Roselands and Clemton Park villages, there is ample choice for local schools, restaurants, transport connections and supermarkets and ensuring lifestyle convenience for years to come.

Current Site
– Land size of 860sqm and 15.24m frontage
– Double brick home and granny flat on the site, tenanted separately
– Main home is partially renovated with 4 bedrooms and gas kitchen
– Granny flat is near new and council-approved with 2 bedrooms and separate entry
– Triple car garage, two carports and ample off-street parking
– Massive rear yard with deep land area
– Quiet, wide and family friendly street

Development Opportunity – Lodged!
A Development Application has currently been lodged with Canterbury-Bankstown Council for a luxury two storey duplex each with substantial site area at 430m2 and 431m2 respectively. Save yourself the hard work and cost of the planning stage and get ready to execute and bring these dream duplexes to life with your expert building skill (on approval) or re-submit your own plans.

Current Rental Income
– Existing home = $41,340 p.a ($795/week)
– Granny Flat = $24,960 p.a ($480/week)
– Total rental income = $66,300 p.a

For Sale: By Negotiation
Land Size: 15.24m X 56.64m/56.36m = 860m2 approx
Inspection: As Advertised or By Appt
Details: Michael Sabongi 0448 419 008 & Jenny Nassour 9758 2744

All precaution has been taken to determine the accuracy of the above information however, all interested parties are to rely on their own inquiries and professional advice.

Property ID: 1306488