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Blackalls Park

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Don’t miss this incredible opportunity to maximise these 2 separate properties with a combined land size of approx 4255m2.

Subject to council approval, the option may exist to keep the existing houses and subdivide the back to build multiple townhouses or simply knock down and build multiple units/townhouses - whichever is most feasible for maximum return.

The existing house is mostly renovated with a new kitchen and bathroom, a recent re-paint and new floor coverings throughout. It features 3 bedrooms, 1 bathroom and plenty of off-street parking. Currently leased for $350 pw, it also provides a reasonable return to help with holding costs while you obtain your DA.

The existing house is partially renovated and features 3 bedrooms, all with ceiling fans, one with built-in wardrobe, separate lounge with reverse cycle air conditioning plus ceiling fan, original kitchen opening to dining room, renovated bathroom, and separate double garage plus single garage.

With the neighbouring property currently also available for purchase, this presents a huge opportunity for an astute developer to purchase all 3 with a combined land size of almost 6000m2 to maximise their return and potentially open up the possibility of a seniors' living development (subject to council approval).

Located only minutes to local shops, sporting fields, Lake Macquarie and Toronto CBD, and in close proximity to Fassifern railway station, this opportunity won't last long.

Call 02 4958 8555 to register your interest today.

Got the best deal on finance? Click HERE to find out.

Property Details

Type Residential Sale
Price $1,400,000
Property Type House
Land Size 4255 Square Metres
Suburb Blackalls Park

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