Dual Homes on 1126m² R3 Zoned Block - Investment, Development or Multi-Generational Living

A a fantastic opportunity to secure a high-yield investment with future growth potential...

This unique property features two homes on a spacious 1126m² block, offering an exceptional opportunity for investors, developers, or families needing dual living.

With R3 zoning, the property provides medium-density residential potential (STCA) while generating a strong rental return.

Main Home Features:

*4 Bedrooms - Plenty of space for family living
*Multiple Living Areas - Formal lounge, separate dining, and a family room
*Timber Deck with Views - Overlooks the racecourse with ocean glimpses
*Main Bathroom + Additional Amenities - Second shower & WC in the laundry for convenience
*Under-House Storage & Workshop - Generous space for tools, hobbies, or extra storage
*Rental Income: $695 per week - A solid return for investors

Studio Home Features:

*2 Bedrooms - Ideal for extended family, guests, or rental income
*Modern Kitchen - Under bench oven and gas cooktop
*Open-Plan Living & Dining - Light-filled and spacious
*Timber Deck with Views - Enjoy the outlook to the racecourse
*Potential Rental: $520 per week - Additional income potential

Investment & Development Potential:

*Total Rental Return of $1,215 per week - Strong income stream
*R3 Zoning - Medium-density residential zoning for future development (STCA)
*Prime Location - Handy to shops, schools, transport, beaches and local amenities

This is a fantastic opportunity to secure a high-yield investment with future growth potential.

Whether you're looking to rent, redevelop, or move in, this property delivers on all fronts.
Don't miss out-contact us today to arrange an inspection!

Auction on site Saturday 29th March 2025 at 11:30am

Land size: 1,126m² (approx.) - Rates: $6,571pa (approx.)