Land - 4538m2 on six separate titles

Are you looking for land? A block of land 4538m2 (more or less) stretching from Church Street to Pioneer Highway is now available for sale. This land is on six separate titles. The five dwellings are currently rented for a total of $880.00 per week, approximately $45,760 per annum. The dwellings are fairly basic and in very original condition, they all require work, and will not meet the new required government standard for tenants. However, there are some long term tenants in place. The dwellings themselves have little value, the value and opportunity is represented in the land. Located next to the Pioneer Highway Shopping Centre and Mobile Service station, this site is within walking distance to town and the CBD. Currently zoned residential, this land could offer a prime development opportunity.