Nichols Crowder is pleased to offer this well positioned residential site ideal for investment now, and residential development later.

With a leaseback to Telstra Telephone Exchange on a 2 year lease with 1 year option, the property currently delivers a rental income of $25,000 per annum, plus all outgoings.

Enjoy the income now in the knowledge you have a residential site to build a future dwelling(s). You are buying at land value with income from a AAA tenant whilst you get your future plans through council.

* Leaseback to Telstra Telephone Exchange
* Rent $25,000 with fixed 3% annual reviews
* All outgoings paid by Telstra
* Wells Road frontage 30.6 metres, via service road
* Land area 656sqm, zoned GRZ3
* Great affordable residential site with income
* Concept plan available showing 2 townhouses (STCA)

Aspendale Gardens is an established residential area, well serviced with great amenities. Nearby is Aspendale Gardens shopping centres, sports grounds, Rossdale Golf Club, Edithvale Golf Course and stunning local parklands.

For further details and to arrange inspections contact:

Julian Vautin 0420 406 6...
Matt Nichols 0418 186 4...

PLEASE NOTE:

* Inspections are carried out in accordance with strict Covid-19 Directions. For further details contact the Estate Agent.

* All information and measurements are approximates. All images subject to copyright. Unauthorised use is strictly prohibited.

*All enquirers must provide a contact number if they wish to be contacted.