WHAT YOU GET FOR $299,000 NEG

- A FOUR BEDROOM RENOVATED HOME
- WITH MODERN KITCHEN & BATHROOM
- UPDATED PAINT, CARPETS & LITTLE BACK DECK
- ALL SITTING ON A MASSIVE SUBDIVDABLE 1373M2 BLOCK
- CURRENTLY RENTED AT $275 PER WEEK TO TENANTS WHO WANT A LONG LEASE
- PLEASE NOTE PHOTOS ARE OF THE HOUSE AFTER RENOVATIONS PRIOR TO TENANCY

That’s right this one is a no brainer, with a massive 1373m2 block which is fully subdividable (pending council approval of course).

The precedent has already been set with the neighbouring home as they have already subdivided their block, built a beautiful set of duplexes; strata titled them and sold them in a heart beat!

This awesome block already has a sturdy four bedroom timber home in place with a trendy kitchen with stainless appliances and the home is rented for $265 per week to great tenants who have a lease til January 2014 and whom would love to sign a long term lease.

The timber home also has original French doors, casement windows and timber floors for added old world charm.

There is oodles of wide side access to the right of the home so you can fit a semi trailer down the side to access or build your set of duplexes at the back once you subdivide.

This attractive package should be an easy development for the first time subdivider or the savvy investor who would like a possible double income, (rent the house & rent the new house you build on the rear of the block) or subdivide and build and then sell the lot.

Recent Brassall sales suggest the current home on a small block should sell for $230,000 – $235,000 by itself and then a four bedroom, ensuite, double garage home should sell for $350,000 to $365,000 making a possible gross return of $595,000 (not taking into account costs etc).

The current owner already has council documentation to support a subdivision venture which can be emailed to prospective buyers.

To book your own private viewing please contact Glenn Ball at First National Action Realty today.