Property is 541 Sq M
It is RD5 rated by GCCC
( RD5 – One Bedroom per 50 m² of Net Site Area )
Allows up to 10 bedroom unit development – STCA.

At this price it equates to approx $50k land cost per bedroom.

Property currently has a solid fibro 3 bedroom house built on it.
It requires a lot of scrubbing and paint to bring back to its former self if you are looking for a rental / live in investment that could grow in the future.

It is currently tenanted by a family that have been there for approx 8 years.
Rental is $380 p/w – no increases since first letting.

* AGENTS COMMENTS
This is an investors opportunity to secure a solid piece of property in Labrador.
DO NOT HESITATE.

Call Rod today ( 0404 080 756 ) to further discuss thsi great opportunity.