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. In a prime location on the corner of Piper and Rankin Streets, this perfectly placed CBD property is ready for its next owner to capitalise on all the potential on offer!

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 $480 pw lease until November 2022

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 $600 pw
• Combined potential weekly rental: $1080 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