2 Hayward Street, Penguin TAS 7316

Set on a superb, flat 788m2 residential allotment right in the heart of the township of Penguin and just a stones throw from a busy convenience store and all the town's facilities and conveniences, this property with the quaint 3 bedroom timber cottage offers a genuine opportunity for immediate rental cash in hand while developing a new dwelling on the balance of the allotment (STCA).
Genuine redevelopment opportunities on flat allotments this close to the shopping district in Penguin are rarer than rocking horse droppings and this one is directly adjacent to a brand new, high quality, two-unit development which sets the tone of the future ahead in this area.
The cottage is currently long-term tenanted and offers a handy rental income. The cottage is clean, tidy and in generally good condition with regular improvements and maintenance over the last several years. The lounge is roomy and comfortable while both the kitchen and bathroom are in good order.
Your inspection is recommended to fully appreciate the investment opportunity on offer here. Contact Michael on 0408 962 802. For general information on Penguin & surrounds follow the link below:
http://penguin.harcourts.com.au/Home/Introduction/88366