THIS PROPERTY IS CURRENTLY UNDER CONTRACT
PLEASE CONTACT US IF YOU WOULD LIKE TO BE KEPT UPDATED OF THE OUTCOME OR IF YOU WOULD LIKE TO BE NOTIFIED OF OTHER OPPORTUNITIES LIKE THIS
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The PERFECT sub-division opportunity (*STCA):
Virtual Tour is at the following link:
https://housingheroeshelp.com.au/VT/161_Ness_Road_SALISBURY_4107_v2/
- 809m2
- Code assessible (RISKSMART available)
- Rectangular block
- Indicative frontage is 20 mtres (Google Maps)
- Gently slopes from back to front (flat topography)
- No demolition control so the house can be removed
- Town plan indicates 9.5 metre building height allowed
- Town plan indicates 1.5 metre setbacks
- SUPERB LOCATION (close to schools, transport, hospitals etc...)
- INSIDE the 10 klm ring from the CBD
The neighbour has already successfully subdivided his 809m2 into 2 x 400m2 blocks
which gives tremendous support for your own DA application process.
There is a gross shortage of vacant block available in SALISBURY so demand should be strong.
400 m2 vacant blocks are currently selling in SALISBURY between $410,000 and $435,000.
The seller has a time-sensitive opportunity to secure a great deal at a retirement village and therefore wants a quick and easy sale so she can take advantage of it.
Our Seller is SERIOUS and only wants to deal with serious Buyers.
CASH BUYERS will get the best deal for a fast decision so don't waste any time.
HOWEVER, subdivision isn't the only option. This might be the home you want to buy to renovate and live in, OR renovate and secure tenants.
The option is yours.
A BIT ABOUT THE CURRENT HOME:
If you're an investor or developer, the highest and best use is to demolish & remove the current dwelling.
The home is certainly live-able as it currently stands, it simply needs some "lipstick" to bring it back to its former glory.
Realistically, a full reno is required, but the price you pay will reflect that. Structurally, the "bones" of the home are mostly good, but there's definitely some work to do.
Wait until you see the polished timber floors in the lounge: STUNNING!!!!
While the floor layout is dated by modern standards, it's absolutely perfect if you want to soak up the charm of yesteryear.
The only significant issues that would need immediate attention; if you wanted to place tenants immediately, is demolishing the back shed (due to termite damage) and doing remediation repairs to the front stairs (to allow front access).
This is one of those CLASSIC opportunities where you can profit from a property.
Your options appear to be endless. You could:
- Subdivide it now and sell both blocks of land for profit
- Subdivide, build & sell
- Subdivide, build, sell one, keep one
- Do nothing and move in
- Do nothing, put a tenant in and "land-bank" for future DA potential
- Renovate & sell
- Renovate & rent
- Renovate & move in
Consultation with The Planning Place have indicated the entire DA process would cost about $85,000 (indicatively) from start to finish.
Being suitable for RISKSMART, titles could be issued inside 5 months.
THIS IS NOT THE PROPERTY YOU LET PASS UP.
- It's a great property, in an excellent location, with a realistic and motivated seller.
Call Mike on 0407 007 009 to discuss further.
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Due to COVID-19 concerns, inspections are by virtual tour and online (See the Virtual Tour tab on the Housing Heroes website for this property).
Ideally, a developer/investor who intends to remove the home will buy the property so inspections are not required.
CASH BUYERS ..... SEIZE THE OPPORTUNITY!!!!!!
THIS is the one you've been looking for.
Call Mike on 0407 007 009 to discuss further.
* Subject To Council Approval: As per usual, while a property shows potential for subdivision and development, the Council is the only party that can approve development. No statement or claim made by either the Seller or the agent can be relied upon as fact. The buyer will be required to lodge the appropriate development application with council to determine if development is possible on this block. Considering the next door neighbour had a "near-identical" block approved, it seems reasonable to assume that development potential should be achievable.
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