16 Bangalay Crescent, Rivett ACT 2611

Welcomed to the market is this exciting development opportunity for the discerning builder, developer or even investor. Positioned within a leafy street and within the sought-after suburb of Rivett lies this exciting purchasing opportunity.

Currently sited on the block is a 4-bedroom, 2-bathroom with a study and carparking space. The home offers a unique floor plan currently set up that allows for dual rental income with tenants renting the front home and additional rear studio with separate entrances. Currently receiving a combined rental income $795 per week.

The owner has prepared two concept plans (pending approvals) of side by side residences for the sites which are available to be emailed.

Residence 1 concept – Living 166.54m2 approx.
- Four bedrooms
- Two bathrooms
- Master bedroom with walk-in-robe and ensuite (ground floor)
- Double garage with internal access
- Spacious open plan living area

Residence 2 concept – Living 166.54m2 approx.
- Four bedrooms
- Two bathrooms (main & ensuite)
- Master bedroom with walk-in-robe and ensuite (ground floor)
- Double garage with internal access
- Spacious open plan living area

Features Include:
- Current home - 4 bedroom, 2 bathroom
- Combined rental income $795 per week
- Unique RZ2 development site
- Concepts offer side by side residences

EER: 0 stars
Block: 743m2 approx.

Rates: $3,028 per annum approx.
Land Tax: $5,089 per annum approx. (paid by investors only)