Land Ahoy!

Description

So much future development potential exists with this 3 bedroom cottage surrounded by an enormous parcel of land measuring 1233sqm with a 16.3m frontage in a convenient location within a short stroll to Pendle Hill station, shopping precinct and schools. Explore the opportunities for subdivision or duplex development all subject to Parramatta Council approval. The home is currently tenanted at $360p/w with a lease until June 2016 which allows you to have the home remain tenanted whilst you prepare your plans and Development Application. The existing cottage features 3 large bedrooms, main with built-in-wardrobe, study room or potential 4th bedroom, formal lounge, kitchen and dining area, internal laundry plus a bathroom and second separate toilet. There is also a single lock-up garage and covered storage space. The popular, highly sought after location ensures strong interest and high re-sale prices on any future development. Large land is becoming increasingly harder to find, land of this size is almost impossible so don't miss this amazing, profitable and unrepeatable opportunity.

Council Rates: $ 338.00 per quarter
Water Rates: $ 177.00 per quarter
Land Size: 1233sqm
Frontage: 16.3m
Current Rent: $360p/w (Lease expires June 2016)