All the groundwork has already been done, with approved plans and permits in place for two double-storey townhouses at the rear: That means you can move straight into the construction phase without the usual delays.
The existing home is currently leased to a dependable long-term tenant who is happy to remain, providing a steady rental return of $1,868 per month while you complete the development at the back.
One of the key advantages of this property is its corner block position. Each dwelling will enjoy its own street frontage, removing the need for Owners Corporation arrangements-an uncommon and valuable feature for this type of project.
The location is equally appealing, set close to Lyndale Primary and Secondary Colleges, within easy reach of Dandenong Plaza and Waverley Gardens Shopping Centre, and offering quick access to the freeway for convenient commuting.
Flexible options to suit your strategy:
• Retain the existing 2 units as a rental while building at the rear.
• Sell the current home to help finance construction.
• Complete two townhouses for resale or long-term investment.
• Live in one townhouse and sell the other plus the original dwelling.
The existing units feature a generous formal lounge, three spacious bedrooms, a central bathroom, separate toilet, formal meals area, and a light-filled kitchen with a gas cooktop.
Opportunities with approvals already secured and this level of flexibility are hard to come by. Arrange an inspection and explore the possibilities for yourself.
Photo I.D. required at all inspections.
DISCLAIMER:
The measurements provided of the land and/or property may not be 100% accurate. In order to satisfy yourself of the exact dimensions of the property/land/or of each room, we advise you to conduct your own measurements and/or engage the services of a licensed surveyor. Responsibility for any omissions or errors contained herein is expressly denied.
