37A Chilgrove Way Balga WA 6061

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$399,000

Genuine Triplex/Multi site 37A & B Chilgrove Way, Balga, from $399k

37A Chilgrove Way, Balga
TO ENQUIRE ON THIS PROPERTY, PLEASE CLICK ON THE 'EMAIL AGENT' BUTTON ABOVE


37A and 37B Chilgrove Way, Balga are for sale as a package.

Capitalise with a real triplex site yielding good size blocks with plenty of land left over. The total area for sale is 784m2, much larger than the usual 728 on offer. To top that there is 22.5m street frontage with a 36m average block depth, all good flat land with minimal site works required.

Set on a well maintained street on southern end of Balga near Reid Highway and you have the perfect development site. There are currently two 1 x 1 brick and tile duplexes on site. One is already rented out at $200 per week until December 2017, while the other has been fully refurbished with major ceiling repairs, electrical work, new copper pipes and hot water system, painting and with modern fittings and appliances, tiled floors and vertical blinds as well as Fujitsu reverse cycle air conditioner, and is advertised For Lease.

With such good proportions there are so many options:

Demolish and sub-divide into three blocks with 7.5m street frontage each for an approx. area of 260m2.
Demolish and sub-divide into three blocks, two at the front with 9.75m street frontage and a common driveway to a rear block, all about 230m2.
Demolish and sub-divide into three blocks, front to back with a common driveway, all about 230+m2.
Demolish and develop the two existing blocks, at 396m2 and 11.5m street frontage each, this has to be some of the best Balga land around.
There is even scope to develop into a four unit site. With about 180m2 each, a good plan could easily pass council approval.
Or you could keep and rent out the two existing units and sub-divide the rear yards into a third block to sell or develop.


These are just some of the options, with many more possibilities. Motivated private seller, asking from $399,000.


TO ENQUIRE ON THIS PROPERTY, PLEASE CLICK ON THE 'EMAIL AGENT' BUTTON ABOVE


Disclaimer: We have in preparing this information used our best endeavours to ensure that the information contained herein is true and accurate, but accept no responsibility and disclaim all liability in respect of any errors, omissions, inaccuracies or misstatements that may occur. Prospective purchasers or tenants should make their own enquiries to verify the information contained herein.
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Inspection Times

Key Features

  • Air Conditioning
  • Shed
Land
784m²
Last updated 10:29AM on Aug 20th 2017
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For Sale Or Rent By Owner

50 Cavill Avenue
Surfers Paradise QLD, 4217

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For Sale Or Rent By Owner
For Sale Or Rent By Owner
More property from For Sale Or Rent By Owner
32 Mount Elliot Drive9 Gunnamata Avenue63 Dowling Close6 Venice Street104 Walla Road
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