Settled comfortably amidst one of the eastern suburbs hot spots, this 1048m2 approx. traditional rectangle block comes with permits approved to cut down all the problematic trees in the backyard as well as plans + permits to build 2 x four-bedroom independent dwellings. Ultimately, the future buyer can also maximise the most potential this block has to offer and should be able to pursue 3 dwellings instead (STCA).
With no easements, in GRZ2 and over 22m of street frontage, this block is saturated with potential rewards. Ideally located, this site is within close proximity to a number of, if not all of, Bayswater’s prime localities. Shopping precincts such as Mountain High Shopping Centre, Aldi, Woolworths and conveniences such as, Bayswater Secondary College, Bayswater Bus Services and the Train Station are all in walking distance.
The current home itself is a three-bedroom, one-bathroom dwelling that needs a bit of love but can still be tenanted out due to the high rental demand for positions such as this. The future buyer can expect an estimated rental income of between $350 to $380 p/w (approx.).
To organise a private inspection or for further information, please contact Andrew Lawrence on 0432 279 165.