Chances
There is most definitely a Risk Vs Reward strategy with this one, but no matter which way you look at it, the attractiveness of the position
and location cannot be denied. On offer is over 1000m2 of LMR2/3 land backing onto quality green and lifestyle space. Just that land size
alone in combination with the location is enough to justify the price, not to mention we’re talking a lower dollar per square metre land
area than we typically for LMR zoned property. That’s reason enough to take the chance! The complication here though is twofold. The first
is a heavily altered pre-47 dwelling the technically needs to stay, but we believe we’re a decent chance at removal, and the second is the
fact it goes to auction in two weeks. We’ve come up with a variety of development options, depending on whether the house gets removed and
how large you want to go. Buyers around $1.75m.
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