Prime Investment Opportunity with Immediate Returns – Loads of Development Opportunity (STCA)

Site consist of single Level house
Split into 4 apartments at present

Unit 1 – 2 bedroom with 1 bathroom and parking
Unit 2 – 1 bedroom with 1 bathroom parking
Unit 3 – 2 bedroom with 1 bathroom and parking
Unit 4 – 1 bedroom with 1 bathroom and parking

Current Combined Rental Return : $970 per week

Corner block of approx. 890 sqm

Prime development site for townhouses or studio apartment block (STCA)

Zoning on site:

Zone R3 Medium Density Residential

1 Objectives of zone
• To provide for the housing needs of the community within a medium density residential environment. • To provide a variety of housing types within a medium density residential environment.
• To enable other land uses that provide facilities or services to meet the day to day needs of residents.

2 Permitted without consent
Home occupations

3 Permitted with consent:

Attached dwellings; Bed and breakfast accommodation; Boarding houses; Child care centres; Community facilities; Funeral homes; Group homes; Multi dwelling housing; Neighbourhood shops; Places of public worship; Respite day care centres; Roads; Seniors housing; Serviced apartments; Sewerage systems; Any other development not specified in item 2 or 4

4 Prohibited:

Agriculture; Air transport facilities; Animal boarding or training establishments; Boat building and repair facilities; Boat launching ramps; Boat sheds; Camping grounds; Car parks; Caravan parks; Cemeteries; Charter and tourism boating facilities; Commercial premises; Correctional centres; Crematoria; Depots; Eco-tourist facilities; Electricity generating works; Entertainment facilities; Extractive industries; Farm buildings; Forestry; Freight transport facilities; Function centres; Heavy industrial storage establishments; Helipads; Highway service centres; Home occupations (sex services); Industrial retail outlets; Industrial training facilities; Industries; Jetties; Marinas; Mooring pens; Moorings; Mortuaries; Open cut mining; Passenger transport facilities; Public administration buildings; Recreation facilities (indoor); Recreation facilities (major); Recreation facilities (outdoor); Registered clubs; Research stations; Residential flat buildings; Restricted premises; Rural industries; Rural workers’ dwellings; Service stations; Sex services premises; Storage premises; Tourist and visitor accommodation; Transport depots; Truck depots; Vehicle body repair workshops; Vehicle repair stations; Veterinary hospitals; Warehouse or distribution centres; Waste or resource management facilities; Water recreation structures; Wharf or boating facilities; Wholesale supplies

For further details please contact Simon Viglino on