A$ 1,428,000
House, Kalimna, Victoria
15 bed · 8 bath · 2.43 m²
Here's your opportunity to secure an investment property with future development potential at the gateway to Lakes Entrance. The property comprises seven units, four homes, a tennis court and good shedding spread across four titles and nearly five acres of land. Three of the homes and the units are currently leased as residential tenancies and offer a combined gross return of over 8% with the current owner residing onsite in the fourth home. There is also a current planning permit to build six additional lifestyle/retirement homes on the property should the new owner wish to develop the…
Listed by REA Group