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
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