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THREE DWELLINGS, ONE TITLE Substantial Development Opportunity!
Greenacres
· 7 Bedrooms · 3 Baths · House
Greenacres · 7 Bedrooms · 3 Baths · House
At 2 Rowney Avenue, the scale is hard to miss. Held on a single Torrens title, the 1,292sqm allotment (approx) combines a 28 metre frontage (approx), three solid-brick dwellings and an Urban Corridor (Business) setting. For investors and developers, the existing rental investment can be retained, while subdivision, redevelopment or a multi-level, multi-dwelling project may also be explored for the future (STCC). The current holding is already generating $1,460 per week in rent (gross, approx). Vendor-supplied figures put current income at approximately $76K per annum, with potential to increase the current income following renovations. All three dwellings can remain in the rental mix as longer-term options are assessed. The main dwelling facing Rowney Avenue was built in 1959, with the two smaller units built in 1982. In the front residence, 2.8m (approx) ceilings and decorative plasterwork give the interiors distinctive character. It offers three bedrooms and a main bathroom with a se
At 2 Rowney Avenue, the scale is hard to miss. Held on a single Torrens title, the 1,292sqm allotment (approx) combines a 28 metre frontage (approx), three solid-brick dwellings and an Urban Corridor (Business) setting. For investors and developers, the existing rental investment can be retained, while subdivision, redevelopment or a multi-level, multi-dwelling project may also be explored for the future (STCC). The current holding is already generating $1,460 per week in rent (gross, approx). Vendor-supplied figures put current income at approximately $76K per annum, with potential to increase the current income following renovations. All three dwellings can remain in the rental mix as longer-term options are assessed. The main dwelling facing Rowney Avenue was built in 1959, with the two smaller units built in 1982. In the front residence, 2.8m (approx) ceilings and decorative plasterwork give the interiors distinctive character. It offers three bedrooms and a main bathroom with a se
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