This is a unique opportunity for developers/investors to subdivide the land and build a wide range of residential homes in sought after suburb of Tarragindi. The large 2.2 ha land is available for sale and includes a corridor of trees that most likely will remain and benefit the peace and harmony of the new homes surrounding it. The property has another access at the other end of the block at 202 Mayfield Road, Tarragindi,
Architect drawings of this proposed sub-division have been drawn up to indicate it’s best potential, subject to council approval.
A 2 bedroom post-war house sits on the block and is currently tenanted at $350.00 pw giving you some income while you seek approvals. With Tarragindi’s Medium Price being $775,000 currently, this home’s value represents over $500,000 minimum.
The owners are not in a position to do the sub-division, so it’s your opportunity to maximize the value of this rare piece of residential land. Call Ken to arrange for an inspection.
16 Woolton Street, Tarragindi
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Description
Tarragindi Sub-division Opportunity - 2.21 ha
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Key Details
property ID 1291092
land
size 2.21ha
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