This massive allotment of approximately 2.02 hectares (approx. 4.99 acres) zoned residential/8 offers unlimited potential. Next door to the UNI SA and TAFE precinct, directly across the road from the popular Montebello Estate and the Montebello IGA and childcare centre. There is currently a basic three bedroom, one bathroom Mount Gambier stone home on the allotment achieving $180 per week on a periodic lease. There are many options with this particular allotment that could suit a wide range of buyers, developers and/or investors;
- Sub-division potential (S.T.C.A)
- Refurbishing the current dwelling or leave in the current condition and receive a rental return.
- Build you dream home (S.T.C.A) and have a large parcel of land on the outskirts of Mount Gambier’s CBD.
*A plan of potential division has been prepared showing subdivision into approx. 28 allotments; copies of the development plans are available on request.