Established Rental Investment with R4 Development Opportunity (STCA)

Positioned on a substantial 696 sqm (approx.) R4-zoned parcel with a 15.24m frontage, this solid double brick residence presents a rare opportunity to secure an established rental income stream of $69,120 per annum with long-term redevelopment potential in a well-connected rental precinct.

The spacious and well-proportioned floor plan is currently configured into two self-contained flats, along with a separately rented studio at the rear, generating three rental incomes for immediate cash flow while retaining the option to redevelop in the future, subject to council approval.

– 4 bedrooms with built-in wardrobes + self-contained studio
– High ceilings with ornate detailing and timber flooring
– 2 x gas kitchens, multiple living, dining & alfresco areas
– Driveway with double carport + off-street parking for 4-5 cars
– Secluded level backyard with established gardens
– Current rental income of $1,330 per week
– Additional: 2 storage sheds, external WC

Land Specifications & Development Opportunity (STCA)
– R4 High Density Residential with potential for units, duplex & more (STCA)
– Comparable R4 sites have achieved DA approvals for unit developments
– Dimensions & size: 15.24m x 45.72m = 696 sqm (approx.)

Location
– 650m to Lakemba Station, 600m to Wiley Park Station
– 600m to Woolworths and Haldon Street shops, restaurants and bus stops
– 850m to Parry Park, 800m to Lakemba Public and Wiley Park Girls

Ideal for investors and developers looking to landbank now and redevelop later.

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: 1394932