Opportunity Beckons In The R4 Zone
Description
Invest your hard earned dollars in the right place here at 1 Octavia Street Toongabbie zoned R4 High Density Residential. Explore the opportunity to develop units subject to acquiring larger frontage and Holroyd Council approval.
This corner block size is 607sqm with 12.8m frontage to Octavia St and 37.7m frontage to Toongabbie Road. The site is comprised of existing 4 bedroom home plus flat where the rental income is as follows.
4 Bedroom House - 2 bathrooms, 2 toilets, family room: leased at $400pw
1 Bedroom Flat - 1 bathroom, 1 living space: leased at $250pw
Occupying a convenient position, within a 5 minute walk to Toongabbie station, shopping precinct and local schools ensures comfortable living now with outstanding opportunity in the future.
R4 ZONE HOLROYD COUNCIL – HIGH DENSITY RESIDENTIAL
1.Development permitted without consent;
Home Occupations
2.Development Permitted Only With Consent;
Attached dwellings, Boarding houses, Community facilities, Environmental protection works, Exhibition homes, Home business, Home industries, Hostels, Kiosks, Multi dwelling housing, Neighbourhood shops, Places of public worship, Recreation areas, Residential flat buildings, Respite day care centres, Seniors housing, Shop top housing.
3. Prohibited Development;
Any other development not specified in item 1 & 2
This corner block size is 607sqm with 12.8m frontage to Octavia St and 37.7m frontage to Toongabbie Road. The site is comprised of existing 4 bedroom home plus flat where the rental income is as follows.
4 Bedroom House - 2 bathrooms, 2 toilets, family room: leased at $400pw
1 Bedroom Flat - 1 bathroom, 1 living space: leased at $250pw
Occupying a convenient position, within a 5 minute walk to Toongabbie station, shopping precinct and local schools ensures comfortable living now with outstanding opportunity in the future.
R4 ZONE HOLROYD COUNCIL – HIGH DENSITY RESIDENTIAL
1.Development permitted without consent;
Home Occupations
2.Development Permitted Only With Consent;
Attached dwellings, Boarding houses, Community facilities, Environmental protection works, Exhibition homes, Home business, Home industries, Hostels, Kiosks, Multi dwelling housing, Neighbourhood shops, Places of public worship, Recreation areas, Residential flat buildings, Respite day care centres, Seniors housing, Shop top housing.
3. Prohibited Development;
Any other development not specified in item 1 & 2
