INVESTORS & Owner / Occupiers! Affordable development opportunity.
Total 2801m in the heart of Holbrook.

A great location and flexible zoning means numerous possibilities for this generous parcel of flat land in Holbrook. There is no minimum block size requirement in Holbrook, but the amenity of the area is important to the council. Any sub-division layouts will need council approval.

Potentially ideal for multiple dual occupancy townhouse development STCA.
Turn key build cost $304,900 + $40,000 land portion.
Estimated rental = $285 + $215. Equates to around 7.5% gross return.
Currently ZERO rental availability in Holbrook (as at 20/08/2014).

Situated in a quiet cul-de-sac just one block back from the main street, just one block to submarine park. Zoned RU5 Village (see pictures)