108-112 Canberra Street, OXLEY PARK

D.A. approved for 17 Attic Style Villas

Developers take note: this is a moment of opportunity not to be missed. Currently 3 blocks of land each with a house on it, achieving $40,000pa combined rental return. D.A. approved to construct 17 three bedroom, two bathroom, DLUG with storeroom Villas with living areas ranging from 100 to 120sqm approx., all in a secure gated community setting. Outdoor spaces include courtyards & verandahs in the homes and a common area and a sitting area. Three homes have street entrances.

Homes are to be built with high pitched colorbond roofing, double brick walls, and garages (each with a substantial storeroom and internal access into the home) in the basement, which has an elevator up to ground level. Designed for future aged considerations, the development offers 3 single level villas and 14 two storey ones, each with a bedroom and a main bathroom on the ground floor.

The cluster has it's own circular drive and is in a wide street with a natural fall to it, so that there would be no easements through other properties for storm water requirements. This will prove to be a profitable development to the right buyer. The present owner is listening and will give flexible and creative terms. Buy at $58,000 per site and resell for early to mid $300,000s.