The Brief: Prime Development Opportunity with Rental Income!
In a perfect location just 150m from Korumburra’s main street, this 2,285m2 parcel of land is comprised of three lots zoned Residential 1 and has a frontage to Bridge Street with side/rear access from Falconer Lane. The house at the front is on approx 845m2 with the back block approx 1440m2.
At the front of the property, there is a charming 3-bedroom cottage that has been recently freshened up with a coat of paint inside and out. Offering three large bedrooms, a spacious lounge and a galley kitchen at the rear, it is an ideal investment property with rental potential of $380pw.
The options here are endless… live at the front and build your dream home at the rear, develop the whole lot and build 6-8 units (STCA) or simply landbank for the future. A large parcel such as this within close proximity to the township is simply impossible to find and this is worth your consideration.
Looking to buy, sell or rent in South Gippsland? Get in touch with your expert team today and call Jack Gilchrist on 0411 181 577 or Jassy Batrouney on 0428 294 388 or pop into our office at 8/43-49 Little Commercial Street, Korumburra.
Note: Every care has been taken to verify the accuracy of the details in this advertisement, however we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves of any pertinent matters.