13 Lambell Terrace, Larrakeyah NT 820

Sold by Paul Heron. Positioned wonderfully looking out towards spacious open grounds & trees - earmarked for an exciting redevelopment including public art and gardens - this is a large executive residence that has so much to offer.

A potential development block in close proximity to the city, a current holding value of $1,200 per week - this is attractive to the home owner, developer and/or investor.

Accommodation - The house is a substantial part of this offering, however being located on a premium 1,160sqm allotment of MD (Multiple Density) Zoning only makes this even more appealing. A four bedroom elevated home for now, with the potential of building brilliantly positioned Townhouses in the exclusive suburb of Larrakeyah.

Features - Existing as a family home with immaculate reticulated gardens & extensive lawns, fully fenced, pool, recently refurbished kitchen & bathroom, fully air-conditioned, BIRs to all bedrooms, balcony with views, & a large under house entertaining area. There is certainly great value to be seen in this property.

Area on Title - 1,160sqm
Zoning - MD (Multiple Density Residential)
Council Rates - $3,800 per annum (approx.)
Rental Status - $1,200 per week (professional pool and garden maintenance at tenants cost under lease agreement)