9-11 Theodore St

Sold for $786,000


Auction this Saturday - Rare Duplex on 809m2 lot zoned LMR

A variety of options are presented here with this purpose built, post war constructed 2 x 2 bedroom duplex with an excellent rental history.

The LMR zoning for either apartment or townhouse development is enhanced with a level and flood free allotment in a quiet street just 6km from the CBD. Schools, shopping centres, transport, parks, bikeways and restaurants are all within easy walking distance. Recent development in the street on similar sized lots illustrates a bright future for this well positioned neighbourhood.

Currently returning a combined rental of $565 per week this style of rental accommodation is always leased within days of a tenancy occurring. The low set construction is easy to maintain and features good sized kitchen and lounge room areas plus bathrooms with separate toilets and a dedicated laundry at the rear. The leafy front and back gardens are individually fenced and provide a tranquil setting with carports to each side.

This rare property with a combination of possible future options including LMR development, expansion of the existing accommodation, block split or simple solid investment with income stream will be sold at or before auction on site 25th February at 11am.

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