151 Lake Road
Port Macquarie


$650,000

2
2
5

Property Features


Property ID: 3335449

Council Rates
$3062 per year
Land Size
2284.00 m2

TWO VILLAS ON ONE TITLE - PRIME DEVELOPMENT OPPORTUNITY


Nestled on a block of approximately 2284 sqm with nature reserve to rear, is this older style property currently configured as 2 solid villas. Offering the astute buyer a secure return on your investment, as well as the opportunity to develop, land bank or re-develop in one of the areas most convenient locations.

With a rental potential of $530 per week and both currently tenanted, the property could be considered as a "blue chip" investment.

* Huge scope for further development
* Room for additional dwelling and second storey on villas
* Prime positioning, central to town and beaches
* Two solid brick villas, one two bedroom and one three bedroom
* Currently rented at $480 per week, with potential for more
* Double carport and shared laundry
* Held by the one owner for over 40 years

Rental potential: $530 per week

IDENTIFICATION REQUIRED FOR ENTRY TO ALL OPEN FOR INSPECTIONS

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