28 Brown Street, California Gully VIC 3556

This large allotment of over 1400sqm presents as a brilliant opportunity, offering versatility for investors and genuine development scope (STCA). There are two dwellings on the one title, each with tenants currently occupying them on a month-by-month arrangement – each of the tenants have expressed interest in securing fixed term leases.

The first house is positioned off to the right side of the block and is a 2-bedroom brick-veneer home. Both bedrooms have BIR's and the spacious master has direct access to the two-way bathroom/ensuite and also has its own separate toilet. There is a spacious living area, with loads of natural light from the large front windows. The living has freshly laid carpet and has been recently painted. The kitchen is a gully-style setup with a 600mm upright cooktop and oven and plenty of storage, the dining room adjoins the kitchen and has access to the rear yard through sliding doors.

Unit 2 is positioned at the rear of the property offering privacy from the road. The unit is very neat, with great sized bedrooms both with BIR's and a generous living space also. The kitchen is compact, but still well-appointed with an L-shaped bench space, plenty of cupboards below and 6 overheads as well. There's a built-in-pantry as well, and a 600mm upright stove with gas burners also.

Various options could be explored with this property – assisted living arrangements, or short term stay accommodation could certainly be viable. Development seems an obvious endeavor, with scope for additional dwellings and separating of titles if approved by council. Or simply buy and hold and let the rental yields take care of your long-term investment. It's not often opportunities like this one enter the market with a palatable price tag, so be sure to call Shane for inspection or to discuss further.