Wendouree 49 Marigold Street
Elusive Development Opportunity
Combined Land Size: 1330m2 approx.
This opportunity is unique in that you can purchase now with tenants in place and cover holding costs till planning approval granted (STCA).
Both rented on month x month tenancy agreements at $195pw each with tenants keen to stay on indefinitely.
These sites are ripe for redevelopment, all services currently connected and this location is perfect for future capital growth as illustrated by the new building activity in the immediate area.
Vendor will sell separately if required, Number 49 / 673m2 and Number 51 / 660m2
Dot Points
- Land size 1130m2 combined
- Current rent of $390 pw combined
- Former Housing Commission Buildings
Price: $320,000 for both or $160,000 each
Get to know Wendouree
Wendouree is a large suburb on the north western rural-urban fringe of the city of Ballarat. It is the most populated suburb in Ballarat with a total population of 10,752 at the 2006 census.