well i have found the perfect block for anyone wanting to develop a massive townhouse development and most likely make a Fking killing while doing it.!
http://www.realestate.com.au/property-residential%20land-vic-frankston-200449199
your thinking oh frankston far out neeko not this crap! let me point out a few things.
*its a massive size 5738 sqm!!!! (res Zone 1)
*there was a tender in the council to build 33 brand new townhouses on it not too long ago but whoever owns it has decided to sell. (unsure why)
*you'd make a killing
*excellent location close to ABSOLUTELY EVERYTHING!
*great rental return townhouses would be fetching 350 p/w from what im gathering maybe more
yeah it cost 2.2Mil it has been on the market for a while so i reckon put in a 2 mil?? but hey if you build 33 townhouses on this block there's a good profit to be made here.
http://www.realestate.com.au/property-residential%20land-vic-frankston-200449199
your thinking oh frankston far out neeko not this crap! let me point out a few things.
*its a massive size 5738 sqm!!!! (res Zone 1)
*there was a tender in the council to build 33 brand new townhouses on it not too long ago but whoever owns it has decided to sell. (unsure why)
*you'd make a killing
*excellent location close to ABSOLUTELY EVERYTHING!
*great rental return townhouses would be fetching 350 p/w from what im gathering maybe more
yeah it cost 2.2Mil it has been on the market for a while so i reckon put in a 2 mil?? but hey if you build 33 townhouses on this block there's a good profit to be made here.