Prime Inner-City Development Opportunity – Dual Blocks, Strong Holding Income and potential Dual street Frontage

An exceptional opportunity to secure a rare landholding with immediate income and outstanding future development potential. Spanning two titles with a combined land area of approximately 759m² and 26.5 metres of frontage, this unique property presents multiple pathways for investors, developers, and land bankers alike.

Currently configured as a complex of six units, the property generates over $135,000 per annum in rental income, providing strong holding returns while future plans are realised.

Key Features
• 759m² total land area across two separate blocks
• 26.5 metres of combined street frontage
• Six-unit complex
• Returning over $135,000 per annum
• Demolition approval already in place
• Ideal development, land banking, or value-add opportunity
• Rare scale for inner-city redevelopment

Additional Opportunity – Rear Character Home

Positioned on a separate 362m² title, the charming character home at the rear is currently configured as three self-contained units. This property can be purchased separately for $1.7 million, presenting further income or development potential.

Combined, the holdings create well over a quarter acre of prime development land with dual street access, an increasingly rare offering in tightly held locations.

Investment Highlights
• Immediate high-yield income stream
• Approved demolition reduces development lead time
• Flexible acquisition options: purchase the six-unit complex alone or secure the entire assemblage
• Significant upside through redevelopment or reconfiguration

Opportunities of this scale, with income, approvals, and dual street frontage, are rarely available.