A fantastic opportunity for investors looking for a property that offers both existing rental income and future development potential. This property is situated on a generously sized yard and currently consists of four rooms that are let to tenants, providing an immediate income stream for the new owner.
The spacious yard offers ample room for further development, additional rental units, or the possibility of creating two separate stands, subject to municipal approval and subdivision requirements. This makes it an attractive option for an investor wanting to maximise rental returns or potentially secure the value of two stands for the price of one property.
The existing buildings are being presented in their current condition, giving buyers a clear view of the property and an opportunity to renovate, improve, or redevelop according to their investment plans.
Key features include: four income-generating rental rooms, a large and spacious yard, existing tenant occupancy, excellent potential for additional rental accommodation, possible subdivision into two stands subject to approval, and strong potential for renovation or redevelopment.
Ideal for property investors, developers, or buyers looking for a large stand with income-generating potential.