House in flats = development project

60 Wellington Street, Phillipstown

By Negotiation

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House in flats = development project | 60 Wellington Street, Phillipstown | 559002 |      X Close

House in flats = development project

This house in two flats has seen better days, it was built in 1910s and converted years ago when it was common practice. Positioned on a corner site, zoned Medium Density Residential and situated on TC2 land it is packed full of potential and is ready for redevelopment.

This fully insured investment opportunity with some holding income upgrades have already been completed to comply with changes to heating and insulation regulations coming into play mid-2019.

Flat 1 - Two bedrooms and rented at $210 per week

Flat 2 - One bedroom and now vacant

Floor area 120sqm

Land area 468sqm

TC2 zoning

Medium Density Residential zone

This property has served its owner very well for 15 years with strong consistent cashflow however they are now ready to move on. Here on offer is a great entry level investment for the keen enthusiastic handyman or a prime redevelopment opportunity, take your pick.

View by appointment.

Please contact Angela Webb or Kate Mullins for more information or to arrange a viewing.

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60 Wellington Street, Phillipstown

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