For more details and viewing please call Calio & Scott Real Estate on Display phone number
This group of 7 properties provides buyers a number of opportunities to consider for potential development. The site could be transformed into one modern unit complex, or perhaps 2-3 complexes constructed over an extened time to minimise exposure to the market for an extended period. The site yields approximately 145 car spaces, allowing up to 90-100 units to be realised from the site. Given the site fronts an entire block on Sandgate Rd, entry and exit points can be off the side street points.
As a townhouse site there are a number of possible designs to allow up to 30 townhouses being presented to the market. Depending on design and configuration this could also include terraced buildings with freehold tiltles. Houses on some of the properties would allow for additional titled townhouses be added to the individual properties with the retention of the current dwellings.
The sellers would consider selling the properties individually, or as a part sale of adjoining properties. The seller is open to negotiation and may also consider a joint venture.
There are a number of demolition or relocation approvals in place that will be provided to the purchaser on settlement, and current rent is approximately $170,000 per annum with all properties tenanted.
Property Code: 1227
If you have any enquiries please contact Calio & Scott Real Estate direct on Display phone number
