Have you searched high and low looking for a project you can really sink your teeth into, and have not been able to find it? Well, don't be despaired this is the property for you.
Perfectly located in the centre of all the action only 1 block from the Central Business District, IGA Supermarket, 1 block to the hospital, 1 block to Medical Centre, 1.5 blocks to the local pool and 2 blocks from McLean Beach river access.
If you are feeling adventurous you could renovate the 6 bedsits (all currently vacant) that currently in place, or maybe you may want to develop these 6 bedsits into 4 x 1 bedroom units by removing the middle bedsit in each block and making them into bedrooms to serve the attached bedsit (attracting a high rental yield and easier too rent).
Termite damage to unit 4,5,6 - these units will need extensive repairs.
Situated on a large 1012m2 corner block makes it ideal to knock down, build your dream home or develop 2 x 3 bedroom townhouses, subject to the council's approval (see examples in photos)
The property is 20.115m wide along Cressy Street, and 50.29m deep along Russell Street. (approx sizing)
Be adventurous call today, book an inspection and see what this property has to offer, you will be surprised at its potential.