Development Site with Holding Income
An equally exciting development opportunity or long term investment with this sizeable 2,365 sqm* parcel of land located adjacent the Cardiff Town Centre. Improved by a three bedroom brick home plus three x one bedroom flats the property is currently returning approximately $50,000 per annum. There is further development or investment potential with the option to acquire the adjoining property, providing for a combined land area of 2,970 sqm*.
The site, which sits under B4 Mixed Use zoning, is conveniently situated only 1 minute* from Cardiff train station, within close proximity to Cardiff industrial area and a short drive to Lake Macquarie.
For Sale by Public Auction Friday 24 May 2019 at 12:00pm