A rare opportunity for investors!
The property is located on Willandra Avenue and is just 1.5km from Griffith’s CBD. Considering the critical housing and rental shortage, the site offers a very rare opportunity for investors to develop the site with flexibility virtually in the heart of the city. Willandra Avenue links Griffith with Hanwood and the city’s largest employer Baiada (Steggles). Flanked by Willandra Gardens (70 lot new subdivision) and walking distance to Aldi, Bunnings, Anytime Fitness and Murrumbidgee Regional High School, Griffith Public School and Kalinda School, the site is highly desirable.
Currently with 2 dwellings, you will have the opportunity of rental income while you plan your development.
The main residence is a 3-bedroom brick veneer house with rental potential of $400 per week, the 2nd is a small cottage currently rented for $240 per week.
The key highlights of this development opportunity are below:
– 4000sqm with 61m street frontage.
– Subject to approval the site allows for multi dwellings & childcare centres
– Proximity to key shopping precincts such as Aldi Griffith, Bunnings, and Harvey Norman just 650m away.
– Proximity to Murrumbidgee Regional High School 1km.
– Potential rent $650pw (combined income)