* Rental Income of approximately $120,000 per annum
* Quite Parkside Location
* Within a short walk of all amenities (transport, shopping, dining, parks, bikeways, schools.

Churchill Real Estate is pleased to offer this prime 2088m2 High Density Lutwyche residential development site located next to the Kedron Brook Parklland. It consists of 2 Colonial homes at 14 & 16 Chelmsford Ave on 607m2 each and four single level apartments at 50 Norman Ave on a 874m2 allotment.

There is no DCP over the site and it is flood free. The properties are mostly rented and would produce a good return of approximately $120,000 per annum while the DA is progressing. As the development hotspot of Lutwyche undergoes generational change in both retail and residential markets, this prime site represents a fantastic opportunity.

This Site is over the 2000m2 BCC threshold for the Lutwyche development corridor and will afford the developer extra hight and extra GFA. Please contact Bruce Grady on 0419 726 084 for a Information Memorandum.