DUAL OCCUPANCY PROPERTY WITH DEVELOPMENT POTENTIAL

Located within 1km from Bright’s town centre lies this prime dual occupancy investment property with significant development potential, (STCA).

With both dwellings currently tenanted, this fantastic dual occupancy property not only provides a sound return on investment in its current form, but also presents as a fantastic future development opportunity, with a planning application submitted to local Council providing for a stylish 3 x 3 Bed, 3 Bath, 2 storey townhouse development. (Pending Council Approval).

The site of 935m2 is currently home to a soundly built 1980’s brick veneer main residence that comprises 3 bedrooms, 1 bathroom, a central kitchen & adjacent dining space, plus a light filled open plan living zone with full north-eastern exposure, woodfire & split system heating & cooling. Solar powers is also included.

To the rear of the main dwelling lies a separate 2 bedroom, 1 bathroom fully self-contained Unit. This space also includes a small open plan living zone with split system heating & cooling, combined kitchen/laundry, and a decked verandah to one side.

Multiple options are available here to potential purchasers. One could simply continue with its current configuration, with 2 x permanent tenancies in place and the potential to increase its current rental return. Reside in the main residence & utilise the flat as a short-term holiday let or space for visiting family & friends. ...