- 3 Beds
- 1 Bath
Listed By:Ray White KohimaramaMaguire Realty Limited Licensed (REAA 2008)
Urgent, Urgent, Urgent
What a great opportunity to buy into an exclusive area with just pocket money.
This 1940's property has experienced some fire damage recently and is now marginal whether it is rebuilt or demolished.
The Cornwall Park Trust have given their consent for two townhouses to be built on this large 1301 sqm leasehold section and that makes this a very attractive option.
The current ground rental of $35,000 approx may be then be halved. This will be reviewed in 2027 for a further 21 year term, or a new lease may be negotiated.
Ideal for a builder/developer with vision
Are you up for it?