After completing the structural works, the outstanding cosmetic works means my overseas vendors cannot obtain insurance - consequently this property is being sold with only a few repairs yet to be completed.
This well-located, character bungalow is to be sold 'as is, where is' and therefore no EQC or insurance claims will be assigned to the purchaser.
The rear, elevated 754sqm site could provide an excellent platform for those who would consider long term development options - recent changes to the City plan has rezoned this parcel of land to Medium Density which allows for a 11m high dwelling to be constructed and consequently there is an opportunity to capture stunning City views.
Converted in to three flats, this 146sqm home is being presented to the market due to a recent change in circumstances therefore providing an excellent rental opportunity for the next purchaser. All of the one bedroom flats are currently tenanted and the property is collectively returning $659/week. Well configured, each flat offers one double bedroom, a bathroom, living area and kitchen. Recently renovated, unit one has benefited from fresh paint and carpet plus a brand new kitchen and bathroom. Modern upgrades have been completed in unit two whilst unit three provides ample scope to enhance and add value. Built circa 1910s, it is located close to local amenities as well as the prevailing activity within the up and coming City Central. CERA zoned TC2.
Please note the interior images were taken of Unit One which is now tenanted.