12 Ardlui Drive, Newtown VIC 3220

Situated in the idyllic riverside location of Newtown is this unique property showcasing a multiple of choices for the astute & savvy buyer!
This magnificent property, 'all on one title' offers:

- A detached 3 bedroom B.V residence with garage
- Plus two separate self-contained 2 bedroom units
- All currently separately leased & rated
- Returning total income of $26,260 p.a (as of 29th Sept)
- Dual street frontages (Ardlui & Ballater)
- Land size of 883sqm approx.

The serious developer or investor may consider the following options:

Option 1- Purchase as an investment & simply continue to collect the rent

Option 2 - Renovate, Sub-divide (STCA) & sell individually

Option 3 - Move into the house & keep the units as an investment

Option 4 - Completely re-develop the site utilising both street frontages to maximise potential

With an abundance of options and a location to match, this rare opportunity to purchase such a diverse investment property in Newtown surely only comes along once in a life time!