House of the Week Real Estate

Two-home sale a ‘rare opportunity’

ATTENTION all developers and investors – here is a rare development opportunity in an ultra-convenient location in Auburn.

Comprising two houses to be sold in one line on a prominent corner position, the property spans 1,182sqm and is zoned R3 Medium Density.
Set on 704sqm, the property at 183a Auburn Road, includes three bedrooms, a spacious lounge and dining area, tiled floors, a tidy kitchen, updated bathroom, internal laundry with a second toilet and side driveway access to a double lock-up garage.
Rental return: $26,000 per annum.
Set on 478sqm, the property at 185 Auburn Road, features three bedrooms, sunroom, tidy kitchen and bathroom, laundry with second bathroom, a spacious lounge room, tiled floors throughout and a driveway to a lock-up garage.
Rental return: $24,960 per annum.
You can capitalise now on the combined rental return of $50,960 per annum, with the potential to re-develop the site in the future.
Offering endless opportunity in a blue ribbon location, the properties are just moments to Auburn CBD, schools, shops, cafes, parks, Auburn Hospital and transport.

Auction at 183a-185 Auburn Road, Auburn, on Saturday, July 18, at 3pm.
Inspect: Saturday, 1.30-2pm, or by appointment.
Details: L J Hooker Auburn, Themy Panagiotidis, 0404 244 558, or Costi D’Bais, 0409 213 115.

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