35 University Road, Mitchelton 2 Beds | 1 Bath | 2 Cars
Sold for $700,000
Potential Packed Property with Development Upside
This unique property offers a golden opportunity to acquire a spacious land package in one of the best locations in Mitchelton. Set on an impressive 1,174m2 with a super-wide frontage, this original two-bedroom residence provides the chance to redevelop subject to council approval and take full advantage of its premium setting.
The home itself is in solid and comfortable order and ready to live-in and is currently leased out for $350 per week until February 2021. It features two double bedrooms, a functional gas kitchen and driveway access through to the backyard where there is a separate lock-up garage/workshop.
The size of the block is where the true value of this property lies, it comes with flexible mixed use MU2 zoning and is positioned literally around the corner from Blackwood Street's thriving shopping strip.
Buyers, investors, land bankers and developers will all appreciate the fantastic location just a few footsteps to cafes, restaurants and the train station. This is a truly unique property offering that will bring excellent rewards to those looking for a real estate project that would bring enormous value in the future. Renovate, rebuild or redevelop - Subject to council approval, the possibilities are endless.
â€¢ Original freestanding residence on a huge 1,174m2 block
â€¢ Land dimensions 20m wide frontage and 58m depth
â€¢ A massive backyard with driveway access to a lock-up garage
â€¢ Zoned mixed use MU2 with numerous development opportunities subject to council approval
â€¢ Currently in comfortable order and ready to live in or keep tenant in place
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0407 963 824