DEVELOPMENT OPPORTUNITY, 8-10 VILLAS
EXPRESSIONS OF INTEREST CLOSING MONDAY 6TH MARCH 2017 AT 5.00PM.
59a, 61, 63 & 65 TOLOSA STREET
An incredible opportunity has arisen to secure 4 properties being sold as a package, with development potential for approximately 8-10 villas (STCA).
Secure income from day one, situated on the lower end of Tolosa street, on flat level blocks, the four houses are all currently tenanted, returning $1,450 per week for all four dwellings. The combined land size of the properties is 3,350m2, with all four of the homes built close to the road, allowing for development at the rear of the properties (STCA). The current owner has done some preliminary work with council and estimates there is room for approximately 8-10 vilas depending on how you wish you set them out.
Once built the villas would suit a wide range of buyers including the elderly, as the site is situated on the flat, within easy walking distance to Northgate and all the surrounding services Glenorchy has to offer.
Brief descriptions of the properties:
59a Tolosa Street, Glenorchy
Currently returning: $365 per week
House size: 149m2
Land size: 1,146m2
Rates: $1,395
Water: $892.16
4 bedroom, one bathroom weatherboard home with a large garage and bar area. A larger home.
61 Tolosa Street, Glenorchy
Currently returning: $355 per week
House size: 100m2
Land size: 556m2
Rates: $1,237
Water: $892.16
A tastefully renovated 3 bedroom home, 1 bathroom weatherboard home. Newer kitchen, beautiful bathroom, re wired and great condition throughout with a new heat pump.
63 Tolosa Street, Glenorchy
Currently returning: $370 per week
House size: 107m2
Land size: 1,102m2
Rates: $1,271
Water: $892.16
Three bedroom, 1 bathroom brick home. Very original inside.
65 Tolosa Street, Glenorchy
Currently returning: $360 per week
House size: 133m2
Land size: 556m2
Rates: $1,335
Water: $892.16
Four bedroom delightful home with a huge garage, completely renovated with new kitchen and bathroom, new floor coverings and lovely yards.
Opportunities like this rarely become available and are highly sought after.
We are expecting high levels of interest as there is simply nothing like this on the market. So to discuss further, please call us today.
The vendor reserves the right to accept all offers prior to the expressions of interest closing date.
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