An extraordinary property spanning approximately 2.66 hectares (6.56 acres) presents a remarkable opportunity for infill development. Predominantly zoned Industrial 3 with remainder Residential 1, a 14 or 16 lot sub-division could combine both types of buildings (STCA) as a feasibility study reveals. Setting a precedent, a similar situation only 2 doors away at Crackle Court potentially smooths the way through to council approval.
Brick pillars and heavy metal gates herald the entrance into open fields and parkland. Long established lofty eucalypts and shade trees provide a backdrop to an existing well-kept residence and immense industrial size shed able to accrue income during planning and development.
A comfortable 3 bedroom residence has exposed timber beams holding 9' ceilings aloft throughout the interior. Renovations completed include a stainless steel 5-burner gas cooktop and electric oven, plus extra wide shower screen. Main bedroom has ensuite and 2 living areas benefit from gas heating and ducted cooling along with the rest of the home. Add to that the expansive verandah plus solar heated pool and there should be no trouble finding tenants here.
With 3 phase power, concrete base between brick foundation walls, office and more, the 17.6 m x 8.3 m shed is an entity of its own, entitling it to separate lease if so desired. Ideal for tradesmen and businesses, priced appropriately, it's highly likely to lease without delay. There is also a smaller shed measuring 6.6m x 8.5m.
Situated just a 10 minute walk from a train station, shopping and school, the location is likely to prove popular with future tenants as well as for resale. Selling and/or leasing newly built dwellings and business premises at this location will undoubtedly also yield profits far into the future.