RENOVATE OR REDEVELOP??? - $155000

Description

This two bedroom home is situated on 837sqm of land in a great location in Sale and has the potential to either renovate and extend the home or redevelop the site. Situated within close proximity to the central business district and opposite the Gippsland Grammar School this property can also be subdivided into two separate lots which allows for a variety of uses. Retain the existing home and either build on the back block or sell the back block, or remove the existing home and construct two upmarket townhouses. ( Subject to council approval ) The home offers two bedrooms and good living space and is currently rented @ $175.00 per week to an excellent tenant with a lease to the 10th August 2009. This is a perfect opportunity to secure a well located development site with a good income stream in an affordable price range or alternatively a first home with plenty of potential.