92 (Lots 1 & 2) Sullivan Street, Inglewood, VIC, 3517, Australia

This double whammy package is situated on a large corner allotment (Camp and Sullivan streets) of 948 square metres that's already had a subdivision completed. There is a current permit and plans for two x three-bedroom townhouses to be constructed on this allotment with the address being 4 Camp Street, Inglewood. Facing Sullivan Street, you have a superbly renovated three-bedroom home that's securely leased on a long lease to a government entity. This is a walk up start for those astute and savvy investor developers looking for their next project with an assured income whilst you’re getting the townhouses off the ground.

The opportunity is here for the taking with an excellent investment property already returning $460 per week. The brick home has been completely renovated throughout to high specifications with all new appliances in the designer style kitchen and superb bathroom. Polished floorboards throughout and split systems in all the bedrooms and living areas. Excellent outdoor living area and off-street parking, it's all here. A low maintenance and easily maintained property that will definitely tick all the boxes.

The house can be sold separately for $465,000 and the block at 4 Camp Street with completed subdivision and all drawings can be sold for $180,000.

All of this is conveniently situated within easy walking distance to the main shopping area of Inglewood, as well as the schools, hospital and sporting facilities. An easy 30-minute drive from Bendigo also adds to the appeal of this property. For more information, contact agent Lois De Jong on 0413 175 087.