Hillcrest - Unmissable Investment Opportunity with develop...

Description

Must Sell! The Vendor's Instructions Are Clear!

A unique offering in the highly sought-after central location of Archers Road, this package of two units on separate cross-leased titles is now available for you.

It is situated on 706 square metres (more or less) of freehold land, zoned Mixed Housing Urban and the generous land size offers you the opportunity to expand, renovate, or even subdivide, subject to council approval. Built in the 1970s, this traditional block, brick and tile property has two elevated, two-level units, along with an extended extra bedroom and a formal lounge for the front unit. Two single garages (one for each unit) are conveniently located downstairs, providing secure parking and more storage space.

The front unit (1/99 Archers Road) is 110 sq m (more or less), with three bedrooms providing ample room for relaxation, work, or play, particularly with its spacious sunny living area. It also features a modern kitchen, a laundry area, a bathroom, and a separate toilet. Now, it is on a fixed-term tenancy until September 2024 with $630/pw rental income.

The rear unit (2/99 Archers Road) is nestled away at the back of the property, ensuring minimal traffic noise and maximum serenity! Featuring two double bedrooms, open-plan living areas and a laundry area, a bathroom, and a separate toilet, Now, it is on a fixed-term tenancy until December 2024 with a $550/pw rental income.

A very handy location ensures you are never far from local shopping centres, motorways and all amenities. It is also zoned for Marlborough School and Glenfield Intermediate School.

The motivated vendor is ready to meet the market. Options are flexible; in addition to the two-unit package, you can also buy one unit only for those investors, downsizers, or first-time home buyers.

This is your golden opportunity to dive into a profitable venture. Reach out to us today for more information.