3 Philip Street, FANNIE BAY
$ 825,000
overview
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1P0587
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House
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Sold
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1030 sqm
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3
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1
Description
YES! YES! DEVELOPMENT SITE IN FANNIE BAY
Located in the much sought after area of Fannie Bay this property is an opportunity not to be missed by developers and investors alike.
In recent times there have been very few properties zoned Multiple Dwelling (previously known as Residential 2) available on the market, let alone one located in such a fabulous area. Developers will be able to fully appreciate and maximise the return that this property presents.
The property has a total land area of 1030 square metres and is suitable for townhouse development. Under the Northern Territory Planning Scheme the site has the potential for three townhouses.
A location like this will command a premium value for a developer who maximises the potential of this site.
Fewer and fewer opportunities like this property exist which will result in good capital growth in the land value in the future should an investor wish to buy and land-bank' such a property.
A ground level three bedroom home currently on the property can provide holding income whilst you prepare your development plans.
In recent times there have been very few properties zoned Multiple Dwelling (previously known as Residential 2) available on the market, let alone one located in such a fabulous area. Developers will be able to fully appreciate and maximise the return that this property presents.
The property has a total land area of 1030 square metres and is suitable for townhouse development. Under the Northern Territory Planning Scheme the site has the potential for three townhouses.
A location like this will command a premium value for a developer who maximises the potential of this site.
Fewer and fewer opportunities like this property exist which will result in good capital growth in the land value in the future should an investor wish to buy and land-bank' such a property.
A ground level three bedroom home currently on the property can provide holding income whilst you prepare your development plans.
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