GOING up for auction in Wonthaggi this Friday, November 25 at 12 noon is property in Graham Street being billed by the selling agents, L J Hooker, as a “rare opportunity only metres from Wonthaggi’s CBD, offering unlimited future development opportunities”.
And certainly, it has a lot going for it, both now and in the future.
First and foremost, the property is located just a block along from the intersection of Graham and McKenzie streets (KFC corner).
And it is a sought-after corner block of 1011m2 in size, so it does present future development opportunities, subject of course to council approval.
For the time being, however, the property has two dwellings:
The first dwelling is a three bedroom, older style home, but it’s a solid brick veneer that has been recently renovated throughout to include a new kitchen and bathroom.
It enjoys a northerly aspect into the living room/kitchen area and is pleasingly spacious and light-filled.
According to selling agent, Scott Hughes of
LJ Hooker in Wonthaggi, the home is ready to occupy immediately with an expected rental income of $260 per week.
The second dwelling is a quite adequate and comfortable one bedroom cedar cottage, way better than a unit, with views over the town and beyond from its elevated position.
It boasts an open living/dining/kitchen area, ensuite bathroom, veranda to the north and lock-up garage. Expected rental income $190 per week.
So, it offers a good return now and could easily deliver on the agent’s claims that it has “endless possibilities”.
The corner allotment is fully fenced and also offers rear lane access.
The two dwellings are completely separate from each other and are ideally suited to the investor, however this package would also suit an owner/occupier with an extended family or perhaps B&B retreat.
For further details contact LJ Hooker Wonthaggi 5672 5558 or Scott Hughes on 0488 748 888 to arrange a visit or simply turn up before the auction this Friday, November 25 and take a look before the auction.
Wonthaggi opportunity knocks this Friday