Great investment opportunity. House divided into 2 flats plus free standing flat giving 3 separate rental incomes. Currently leased for a total of $545.00 per week. Property does lend itself to an upgrade from present condition that would increase rental returns.
Set on a block of approx. 492m2, with rear lane access and zoned R4, there could be potential development with NCC approval. Could also suit medical centre or similar development. Building height is 17 meters
High Density Residential
1Objectives of zone
- To provide for the housing needs of the community within a high density residential environment.
- To provide a variety of housing types within a high density residential environment.
- To enable other land uses that provide facilities or services to meet the day to day needs of residents.
- To promote a denser urban form along transport corridors while respecting the residential character of adjoining streets.
- To maximise redevelopment and infill opportunities for high density housing within walking distance of centres.
- To provide for commercial development that contributes to the vitality of the street where provided within a mixed use development.
- To promote a balance of residential accommodation within a mixed use development.