73 LUGG ST
BARDON
BARDON
SPLITTER BLOCK WITH DA & 4 FLATS ON 878M2
It is hard to find a good return when it comes to residential real estate, but this cash cow is a rare exception. Set on an 878 m2 corner allotment with DA approval to subdivide, this set of flats enjoys a smorgasbord of options.
Sure to excite those looking for their next inner-city project or long-term investment with a twist, it is a wonderful set of bones on a good size block that could easily be converted into your forever home.
Conveniently located in the ever so popular Ithaca district, this early 1930’s stucco front Queenslander consists of 1 x 2 bedder, 3 x 1 bedders and off-street parking for 4 cars. Returning $61,260 per annum, it is updated and tidy throughout, with huge scope for your touches down the track.
Occupying an open breezy corner position, the near level lot with a 23.8m frontage has DA approval to subdivide into 2 x 439m2 lots. The following information can be made available upon request –
- BCC - Decision notice
- BCC - DA conditions
- Full set of final subdivision plans
- Tenancy Schedule
- Latest Income & expense report.
With undeveloped potential, it’s an opportunity to own your own block or flats in a high demand rental area or a prime candidate for re-development.
Now is the time to act as property values are escalating at the fastest pace in the last 40 years. This exciting market with this unique cash cow has all the promise of the Rivers of Gold and is sure to gift you eye watering rewards.
Contact Bonnie D’Arcy on 0423 005 563 for more information.
