Price: $1,500,000

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"Exceptional Investment Opportunity: Prime Location, Development Potential, and Rental Income Await!"

Goldbank real estate presents a property at Hayes Road, Newsbrough. This property presents an excellent investment opportunity with its prime location and promising features.

Situated on approximately 5.5 acres of land, it falls within the Urban Growth Zone (UGZ) Schedule 1, indicating potential for future development. The property boasts a high development potential, with 95%(approx.)of the land deemed developable according to the Lake-Narracan Development Contribution Plan (DCP).

The main residence is a recently renovated, charming house featuring 3 bedrooms and 2 bathrooms, including a master bedroom with an en suite. Additional amenities include a double car garage, town water supply, and connected sewerage system, ensuring convenience and comfort for residents.

Furthermore, the property includes a substantial shed and a garden shed, providing ample storage space for equipment and tools. Currently, the property generates rental income through the tenancy of the farm, yielding $2850(approx.)per month.

Additionally, the house alone has the potential to generate an additional $2000 (approx.)per month if rented separately, offering flexibility in income streams.

Overall, with its favorable location, substantial land size, development potential, and existing rental income, this property presents a lucrative investment opportunity for prospective buyers or developers seeking both immediate returns and long-term growth potential.

For more information please do not hesitate to get in touch with Jinder Sidhu at 0430 810 786 or Sukhdeep Singh at 0412 003 466.


NOTE: link for Due Diligence Checklist:

Disclaimer: All stated dimensions are approximate only. Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent

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