A supreme duplex development site
One of the few remaining duplex blocks in Mt Pleasant boasting the broad, 25 metre frontage all developers seek.
The asset has been held in the same family for centuries outlining that opportunities like these are extremely rare. Secure your next project with this duplex development block, nestled at the prized elevated end of St Michael Terrace and amongst luxury homes.
Developers take note, 1012sqm of R20 (duplex) soil, ideal for a side by side development offering a 25 metre frontage and ideal proportions offering flexibility on new home designs.
The 1950's single level home could provide some rental income, however is priced at pure land value for immediate subdivision.
From this location, the residents enjoy being positioned only moments from the river's edge and within easy access to parklands, transport, conveniences and sought after local amenities. Your children can walk to Mt Pleasant Primary which is located on the same street.
Landbank while you plan your next development venture. Split into two lots or have one super block, the choice is yours and there is no wrong move here.
Note, this property is sold on an "as is where is" basis.
