|Newtown Median PriceThe House price is 2% higher than last year.|
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Investment Opportunity of a Lifetime!
452-456 Latrobe Tce, Newtown
It is with great pleasure that we present to you this prime property on Latrobe Terrace, Newtown.
The property comprises two individually titled pieces of land, both of approx 500m2 in size. Each title is available for purchase individually if you desire.
However, the full investment potential lies in purchasing the entire allotment of 1000m2 (approx) which comes with completed plans and permits for 21 apartments. The apartments comprise both 1 bedroom and 2 bedroom apartments and are of luxurious quality and style. The complex also includes 27 underground car spaces and a 319m2 office space on the ground floor.
Should you wish to sit on the investment for awhile then there is use of the existing dwelling as an office space. The property is currently tenanted by Geelong Finance Company but the property is sold with vacant possession. It should also be noted that there is a second dwelling which will be demolished as part of the sales contract.
Much of the hard work has already been done for you. The last step in fulfilling this investment opportunity of a lifetime is to build this amazing development. Geelong is an ever popular place to live and you can't beat the location of these apartments. With walking distance to the city, shops, restaurants, cafes, Cinema, Deakin University Waterfront Campus, Skilled Stadium and much, much more, these apartments are in prime position and of the greatest earning potential.
Or of course you may have an even better project in mind to develop yourself and there is potential to develop as a mixed-use site, retail, offices, residential and commercial spaces (STCA).
|Property's zone, overlay, easement and land measurement|
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