Ormond Street And Range Road

- 7 houses side by side all currently tenanted.
- 3 street frontages
-Lapsed D/A (2018) for 110 units. All documentation is ready and can be re-lodged
- Current D/A approval for 7 lot sub-division comprising of :

*6 x 550m2 house blocks (all duplex sites)
* 1 x 1795m2 development site, which can be further sub-divided into 3 more lots or 23 units, boarding house, childcare centre, over 55's (STCA)

-FSR 1.5.1
- Current holding income $130,000 (approx)
- Zoned R2

Current owners are retiring and looking to sell to allow new owners to capitilise on the multiple opportunities this site represents.
This is an excellent oppportunity in a growing regional city.