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3 Bedroom House + Mechanical Workshop on 780sqm Land PRIME LOCATION - Great Investment - Future Development - 2 street frontages.

Description

This property is situated in a prime sought after location between Croydon & Ashfield Stations and is sitting on a large 780sqm block of land.

Perfect Investment or Future Development Site.

HOUSE: The 3 bedroom Californian bungalow is in good condition consisting of 2 living area's, bathroom, large attic, bathroom, laundry & kitchen with a good sized courtyard, covered entertainment area and extra toilet. Currently let for $700 per week.

WORKSHOP & OFFICE: Behind the house there is a operational Mechanical repair workshop with office which has been operating for over 25 years. Potential rental income is approx. $1200 per week plus outgoings.

LAND: A large parcel of extra land sits behind the workshop and fronts onto Frederick Street Ashfield.

Ideal for re-development (stca), owner occupier looking to run a business and live on the premises or investment income from house and commercial mechanical workshop (rental return approx $2000 per week)

A mixture of current zoning on this property is R2 - Low density residential and IN2 - Light Industrial. This property could then be developed into shops & residential pending council approval or re-zoned pending council approval in relation to surrounding current residential unit developments.

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