Situated on 809m2 approx of GRZ4 zoned land, this allotment is an opportunity hard to come by. With a great rental return of $580pw across two leases, you can have confidence in the asset's return should you be waiting for planning approvals (STCA) should you choose to explore this option. It is positioned brilliantly with local shopping in Kmart and Coles a short walk away, the ever expanding café and restaurant district of Belmont's High Street meters away and easy access to the Geelong CBD and the Surf Coast. The home itself offers a self- contained 1 bedroom unit at the rear and a 2 bedroom residence at the front with a large living space and central bathroom. Representing a multifaceted opportunity for investors or developers, the property also offers great potential for anyone looking to renovate and create a family home in an ideal destination.
Key Features:
809m2 (Approx) with GRZ4 zoning
Two leases returning $320pw & $260pw respectively
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