Opportunity for small scale development within the city centre, 1060m2 approximate land size whereby the existing dwelling is positioned well to allow for side access to rear land development. Ideal to preserve existing residence, renovate to improve it with potential to build two new dwellings maximising the return.

Current dwelling consisting of 3 bedrooms, a lounge, compact kitchen with electric cooking facilities. Adjacent functional bathroom with separate, bath, shower and toilet. Underneath house garage to suit small vehicle with street frontage and driveway.

Additional shedding existing on the site approximately 6 X 6 with concrete and power.
House is currently leased for $410 per week until 11/04/2027.

Location is city central, within walking distance to Mount Gambier’s vibrant CBD, cafes and restaurants. Making this land highly desirable for redevelopment STCC

Extra Information:
Council Rates / $1,861.13 p/a approx.
Emergency Services Levy / $95.00 p/a approx.
SA Water Supply Charge / $82.30 p/qtr
SA Water Sewer Supply Charge / $120.00 p/qtr approx.
Estimated Rental / $400-$430 p/w
Land Size / 1060m2 approx
Build Year / 1960
Council / City of Mount Gambier
Zoning / Suburban Neighbourhood

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