212 Rankin Street, Bathurst, NSW 2795, House for Sale - FN First National Real Estate Bathurst

212 Rankin Street
bathurst NSW 2795

CBD Development Opportunity

3 1 1

A rare opportunity to secure a landmark address, this 641sqm corner block offering a completely renovated three-bedroom property also offers vast potential for further development, complete with plans for a 3 bed 2 baths previously DA approved property. Its prime location is on the corner of Piper and Rankin Streets, in a very desirable CBD location.

Offering:

• Existing three-bedroom property, completely renovated 10 years ago

• Renovation included electrical rewiring, new plumbing, kitchen, bathroom, roof and gutters

• Higher ceilings throughout contribute to a sense of space

• Spacious entry hallway

• Three large bedrooms all offer built-in robes

• Internal laundry with separate toilet

• Modern bathroom offers floor to ceiling tiles

• Open plan living/ dining overlooked by the kitchen complete with stone benchtops and gas cooking

• The rear timber deck flows from the kitchen and is perfect for outdoor entertaining

• This property offers a single carport and garden shed, with secure fencing

Current tenants at $390 pw lease ending 25/09/21, appraised at $440 pw in the current market or available as vacant possession

Development Potential:

• Rear of the block had plans for 3 bed 2 bath 1 car double-storey dwelling (252.8 sqm) previously approved in 2012

• Rental appraisal for this dwelling would be $550 pw

• Combined potential weekly rental: $990 pw, plus depreciation on the new build

• Once-in-a-lifetime opportunity to buy a blue-ribbon site

• Walk to the centre of CBD, movies, restaurants, clubs, gyms, schools, and day-cares

• Suits astute family investors, young professionals and avid developers alike

Enquire today to secure your future!

**Council Rates: $2,994.10

3 1 1

Details

Property Type - House

Land Area - 641m2

Council Rates - $2,994.10

Open Times

Contact Agent to arrange inspection

Share

Contact Details

Jacinta Purvis

Authorised Principal, Sales, Property Management

0407111072

Enquire

Caitlin Bath

Administration, Sales

0437 652 721

Enquire

Please complete the enquiry form below and we will be in touch shortly

Select the open and fill in your details below, then simply show your ID to Jacinta at the door