Opportunity Knocks: Development Potential Awaits on a Prime 3200 m² Site

House

AUCTION SAT JANUARY 17TH @ 2PM ON SITE

198 Thompson Avenue COWES

Don't miss this genuine offering from a genuine vendor!

This expansive 3200 m² site presents a huge development potential in a highly sought-after location. A rare and exciting prospect for developers, investors, or those seeking an extensive landholding with significant future upside.

Key Features & Current Infrastructure:
• Massive Land Size: A substantial 3200 m² parcel ripe for redevelopment.
• Existing Improvements: The property features two large, brick homes, providing immediate rental income or flexible living arrangements while planning.
• Each home boasts: Three spacious bedrooms.
• An additional study/office, perfect for remote work or a fourth bedroom conversion.

The Investment Upside:
• Future Development Potential: Leverage the significant land size for potential multi-unit development, townhouses, or subdivision.
• Immediate Income Stream: Utilise the existing two homes for rental income, offsetting holding costs while you navigate the planning process.
• Flexibility: Live in one, rent the other, or rent both while securing future approvals.

This is an opportunity too big to miss! With two substantial homes already in place on this enormous block, the potential for future capital growth and development yield is truly outstanding. Act now to secure this prime development site!

Note: All future development, subdivision, and changes in land use are Subject to Council Planning Approval. Prospective buyers are encouraged to conduct their own due diligence regarding planning and zoning regulations.

Disclaimer: Whilst every care has been taken in preparing the above information, it is to be used as a guide only. Please refer to the appropriate legal documentation to complete your due diligence.