77-79 Channel Street, Russell Island QLD 4184

77-79 Channel Street (1076m2) is begging to be developed and has a bonus cottage with all services connected (new hot water system and septic in place), earning an income of $180 rent per week, with tenant wanting to remain. This is a prefect situation for investor or developer wanting some cashflow while awaiting building approval.

Or possibly take advantage of the adjacent property at 73-75 Channel Street (also 1076m2) to create a small acreage lifestyle-block, asking only $129,950.

On offer, are 2 Double-blocks across 2 titles, (total of 2153m2) backing onto popular Rossi Avenue. That’s definitely a deal worth investigating, asking for a total of $359,900.

Don’t be fooled by the South-West aspect, as the backyard faces North and captures the sunshine all day, while the established trees provide afternoon shade and are a haven for the prolific birdlife.

Both titles are well-drained and slope to the street, with vacant land opposite and adjoining, plus a smattering of new homes creeping closer. This area is taking off and highly sought after by both investors and owner-occupiers.

Buy one or buy both, but be sure, this deal of the year is unrepeatable.

Starting with a blank canvas, you’ve the option to develop one or both blocks; keep one; sell one; or amalgamate both titles to lower your council rates even more.

Don’t miss out, as these opportunities are unheard of in today’s market.

Call Chris McGregor on 0420 555 997 to fast-track your future, or secure your small-acreage property on beautiful Russell Island.