Offering an exceptional and rare opportunity for developers and investors alike, this prime property is set on three lots at 25 Duke Street, Annerley – a thriving inner-city suburb – and boasting approved plans for an 18-unit development, an exciting venture waiting for the right developer.
The development approval in place for this property is a key feature that sets it apart. This signifies a green light from the council for you to proceed with the construction of 18 residential units – potentially saving you time and stress often associated with gaining such permissions. The approved plans provide a roadmap for creating a modern, desirable complex within this rapidly growing inner-city region.
Moreover, while you prepare for the development phase, you can benefit from the site’s existing rental income potential. The three rental properties are offering an immediate return on your investment.
The properties include:
25 Duke St: A spacious 4-bedroom, 1-bathroom house, offering a comfortable living space. This charming property boasts sizeable bedrooms and a functional layout.
23A Duke St: This 3-bedroom, 1-bathroom house combines character features with modern conveniences.
23B Duke St: A cosy 2-bedroom, 1-bathroom dwelling, perfect for singles or small families seeking an accessible and convenient location.
These properties provide the ultimate advantage of generating rental yield immediately while awaiting the transformation of the site into a significant residential development, offering a rare blend of current income and future growth potential.
Situated in the highly sought-after locale of Annerley, you are just a short distance from local shops, public transport, and other essential amenities, not to mention the quick access to the CBD.
This is a property investment opportunity that doesn’t come around often. Start earning rental income now and build for the future with the approved 18-unit development plans. Don’t miss out on your chance to secure this prime piece of real estate at 21, 23 and 25 Duke St, Annerley.
For more information or to arrange an inspection, contact our team today.
- 9 bed
- 3 bath
- 3 cars
- Land size 1,666 m²
- 3 Open Parking Spaces