Large block of land with existing dwelling which is currently vacant and not under lease. The house is located at the front of the property with an expansive unobstructed area to the rear. The land is flat with a gentle slope towards the rear of the block which is ideal for modern development and drainage purposes. The property is located opposite an open local council recreational space with playground equipment and is also within walking distance of schools, the Fairfield CBD and railway station.
For interested developers, the property is zoned R2, Low Density Residential which therefore presents an excellent development opportunity. The existing house, which requires some maintenance and tender loving care, can be renovated resulting in a sizeable residence accompanied by a spacious recreation area. Alternatively, the size of the property allows for easy demolition and redevelopment.
The adjacent residential property (which is of a similar size and dimension), was developed a number of years ago and has two large two-storey houses, a swimming pool, plenty of car parking space and demonstrates the significant development potential for the subject property.
The area of the property is 1394.5m2. with a 15.24m (50 feet) frontage and a depth of 91.44 m (300 feet).
The asking price is $1.5m.