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Investment or development potential or knockdown and rebuild. Perfectly located on a 994.3 SQM battle-axe block opposite Mt Colah Railway Station. Quiet position away from road noise. Bushland views. Excellent income of $51K PA.
Zoning is Commercial (E1 Local Centre) with the current use being Residential. On the market for the first time in 32 years.
Buyer options:
• Business use or combined residential & business use with Council approval
• Knock down and build a new home subject to Council approval
• Current residential use:
- A very comfortable & liveable house which was divided into flats probably 60 years ago or more. A small community of 3 excellent long-term tenants.
- Fully renovated around 22 years ago. 1x 2-bedroom flat and 2 x 1-bedroom flats
- Flat 2 has a bonus mezzanine floor
- Storage area in basement
- Two lock up garages.
Be sure to consider the opportunities!
Disclaimer: While every care has been taken in producing the above information, no warranty is given or implied to the accuracy. Prospective Tenants are requested to take such action as necessary to satisfy themselves in this respect.
