26 Burrows Avenue, Dandenong VIC Sold - Sold

SOLD FOR $500,000

Amazing Development Potential
This centrally located property is perfect for any builder/developer or investor. Located just minutes from Dandenong Hospital and Chisholm TAFE as well as having easy access to all major roads and public transport you are sure to reap the benefits of buying in such a central location. Sitting on a land area of 757 sqm (approx.) in a Residential Growth Zone you have the opportunity to build multiple units/townhouses or small apartment development (STCA). With a well presented weatherboard dwelling that comprises 3 bedrooms, formal lounge area, separate timber kitchen with gas stove and adjoining meals area, 1 bathroom, gas ducted heating and single lock up garage you have no work to do but to keep the property leased whilst waiting for a permit from the council to build. With an existing lease agreement in place until July 2015 and a current rental yield of $1347 per calendar month, you can minimise your holding costs whilst waiting for the plans to be drawn and permit to be issued. This property is literally a gold mine so do not wait until it is someone else's. Act now and inspect today!

Contact: Neb Delibasic on 0411 332 467

Auction: Saturday 6th September 2014 at 1:30pm
Terms: 5% Deposit, Balance in 30-60 Days

Property Location
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