34 Old Smithfield Road, Freshwater QLD 4870

This property presents as a lucrative opportunity for both investors, homeowners and developers. This near level lot encompassing 1,240m2 has a current Development Approval in place, for FOUR townhouses, in addition to the current dwelling. Reap the rental income from 5 properties, ideal for super fund investors, or live in the front and build in the back. Ideal for those with older family members to accommodate, the options are limitless. Alternatively, the lot could be subdivided into two or three titles (subject to council approval).

As is, the property is ideal for the astute buyer who is looking for a safe, long term investment with the potential to capitalize! Currently tenanted, the property is returning $20,800.00 p.a.

- Safe, central location ideal for families and professionals
- Short walk to the ever-popular Freshwater State School
- Iconic 1950’s Queenslander, with open plan layout
- Fully air conditioned, featuring high ceilings and timber floors in the living area
- Good level of privacy with low set units to the left, residential home to the other side
- Plans available upon request
- Rates 2019 $1,586.82 / half year