G'Day
http://domain.com.au/public/propertydetails.aspx?id=2004757979&archmsg=0
I have decided to release my 'medical centre' from it's moorings and let it sail away into a whole new life with someone else!
Occasionally, we have to cull the herd and as it's not likely that I would develop the site for at least the next couple of years then I may as well pass the opportunity along to someone who will.
Council has informed me that the site could be developed for three, two storey, three bedroom townhouses. Being a corner site, with a bit of tweaking about each townhouse could potentially have it's own street frontage.
There is a tenant / caretaker in the existing house on a month to month basis who would probably be happy to stay so there is opportunity for income while plans and permits for redevelopment are organised.
Quality townhouses in the area are fetching in the low to mid $300s. There is a new development of three townhouses a few doors along which is currently under construction. These are quality properties built in the Stockbroker style and the sharply pitched roofs allow for two storey and maximum use of the site.
Something similar could be designed for this site and would give good views of the Dandenongs, which can be seen from the kitchen of the existing house so this view could be enhanced from any new building.
This would be a relatively easy site to work with due to it's gentle elevation and excellent access from two sides. Three phase power is connected to the property, as is gas and sewerage and it is in a cable internet area.
For an investor, there are quality finance products available to about 90% of realisation value and much as I would love to do this one myself this is a 'realisation sale' - that is, I have to be realistic and realise my limitations at this time!
No, I don't expect any Forumites to be interested to buy, I'm just posting this for general information only.
Cheers
Kristine
http://domain.com.au/public/propertydetails.aspx?id=2004757979&archmsg=0
I have decided to release my 'medical centre' from it's moorings and let it sail away into a whole new life with someone else!
Occasionally, we have to cull the herd and as it's not likely that I would develop the site for at least the next couple of years then I may as well pass the opportunity along to someone who will.
Council has informed me that the site could be developed for three, two storey, three bedroom townhouses. Being a corner site, with a bit of tweaking about each townhouse could potentially have it's own street frontage.
There is a tenant / caretaker in the existing house on a month to month basis who would probably be happy to stay so there is opportunity for income while plans and permits for redevelopment are organised.
Quality townhouses in the area are fetching in the low to mid $300s. There is a new development of three townhouses a few doors along which is currently under construction. These are quality properties built in the Stockbroker style and the sharply pitched roofs allow for two storey and maximum use of the site.
Something similar could be designed for this site and would give good views of the Dandenongs, which can be seen from the kitchen of the existing house so this view could be enhanced from any new building.
This would be a relatively easy site to work with due to it's gentle elevation and excellent access from two sides. Three phase power is connected to the property, as is gas and sewerage and it is in a cable internet area.
For an investor, there are quality finance products available to about 90% of realisation value and much as I would love to do this one myself this is a 'realisation sale' - that is, I have to be realistic and realise my limitations at this time!
No, I don't expect any Forumites to be interested to buy, I'm just posting this for general information only.
Cheers
Kristine
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