Sold under the hammer! 8 registered bidders! More property needed now! - $500000

Description

Renovators, developers and investors be quick for this DA approved 708sqm property in a great street in fast-moving Morningside. The site is very level and has approval for three, two level, three bedroom townhouses with very easy access to transport, shopping, educational facilities, cafes and parks, with the CBD less than 5km away. Currently the property has a mid-sized timber house with 3 bedrooms and 1 bathroom. There is a tidy kitchen and large lounge area with timber floors throughout. The house has great street appeal being elevated from the road, and with a little TLC, could match the quality of other fine homes on the street, if that were preferred over the development aspect. With new townhouses in Morningside selling well between $450 - $600k, this property represents an outstanding opportunity for some quick cash. Receivers have instructed that the property must be sold so do not wait! Call Joe Tynan on 0422 050 338 or Brandon Wortley on 0422 025 304 for more information.