Here you have a rare chance, an option to buy a family home in the heart of Underwood, a prime development opportunity with almost all the properties sold in this pocket, this is one of the last few ones which is now up for grabs.

With most of the properties in this zoning already been sold in the recent few months, 4 Eleanor Av. Underwood is an opportunity of a lifetime which is not to be missed.

With an option to build high rise and have steady income in management rights and a an easy option to mix commercial spaces with the development, 4 Eleanor Av. is an opportunity which most developers wait for. Located right in the midst of all the new high rise developments and newly proposed apartment, commercial dwellings and apartment complexes, an easy access to the new motorway exit and the new park & ridebus station in Underwood.

A massive opportunity for developers, home buyers and astute investors! Number 4 Eleanor Av. Underwood is all up for grabs with a total land size of 804m2, a 20.1 frontage it is one of the last blocks up for sale with this kind of potential in the area.

Property Features:

- Medium-High Rise/ Large Units (STCA)

- 1X2 Block subdivision (STCA)

- High-Set Brick home

- High rental yield to offset the holding costs while you get your DA & BA approval

- Perfect for land banking or for developers

- Management rights

- Structurally sound and well maintained

- 3 Spacious Bedrooms Upstairs

- An added room downstairs which can be converted into an extra bedroom

- Separate internal laundry downstairs, can be converted to 2nd bathroom

- Plenty of space internally with large back and front yard

- Open Plan Kitchen

- Large patio with multiple entertainment areas

- No easements

- Solid brick home

- Polished timber floors

- Separate living and dining areas

- Downlights throughout

- Split system aircons throughout the property

- Modern fans installed throughout the property

- A large double door shed with ample storage for cars, boat, caravans etc.

- Side access leading to the backyard and the shed

Options to Build:

- Medium Rise/ Large Units: 37 Apartments, 7 Levels

- Townhouses

- Minimum land setbacks

- Management rights of upto $770,000 (can be sold separately)

- Rental appraisal of $800-$850pw

- Apartment complex (High Rise)

- Townhouses

- Childcare centre

- Hotel/Motel

- Aged care facility

- Health care services

- Commercial apartment blocks

- Mixed residential /commercial blocks or apartments

Central location, walking distance to Underwood Marketplace including a variety of local shops, backing onto a newly developed residential and commercial apartment complexes and office buildings and with a few more commercial and residential projects under construction around the street. These properties on Nerissa Court, Underwood presents a once-in-a-lifetime opportunity for astute investors seeking to land bank, lease out, develop, or even reside amongst other established and increasingly popular properties in the esteemed Underwood locality.

It holds endless potential, all you've to do is enquire!

Contact Syed @04165 498 295 or Serena @0409 455 287

To register your interest or to book a private inspection.

All open home timings will be posted online weekly.

Disclaimer:

All information contained herein is gathered from sources we consider to be reliable. However we can not guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries.