For Sale | House | 4-6 Rowan Avenue, Uralla NSW 2358 | $425,000

WHAT POTENTIAL!

  • 5 Bed
  • 2 Bath
  • 4 Car
  • 2,832 sqm (approx) Land Area

An exceptional opportunity for a developer to acquire a DA approved site for a four lot subdivision (2 x 640sqm and 2 x 770 sqm blocks).

The site is nice and level and has a preferred uniform rectangular shape. It comprises two adjoining lots with street frontages to both Rowan Avenue and Marsh Lane. The property has a total site area of approximately 2832 square metres. It is zoned R1- General Residential.

Two of the proposed four lots have existing dwellings and are therefore already connected to power, water and sewer mains. Both of the existing dwellings enjoy a north-facing aspect (both are currently leased). Number 4 is a two bedroom weatherboard cottage with a single garage returning $185 per week rent. Number 6 is a comfortable three bedroom residence with a double lock-up garage returning $239 per week rent. Both of the existing dwellings present an opportunity for further development.

The site enjoys an enviable position…

• a 550 metre stroll to the Uralla Golf Club – an 18 hole, 70 par course with bar and restaurant facilities

• a 550 metre stroll to the Uralla Sporting Complex – cricket, basketball, netball, soccer, football facilities etc

• Approximate 740 metres from the New England Highway

• 2 kms from the Uralla Central School

• 2.2 kms from the Uralla CBD with its fabulous array of pubs, cafes and boutique stores

• An easy 14 minute drive to the Armidale Regional airport

• A 20 minute drive to Armidale (shopping, public and private hospitals, University etc)

The Development Application was approved 27/06/2017 and lapses on the 27/06/2021 providing a great opportunity to acquire an excellent parcel of land now, prepare for a future development and receive cashflow from rental income in the interim.

It is worth noting that the Uralla property market is currently experiencing average rental yields of 5.9% (source: realestate.com.au - https://goo.gl/UvNXxm)

This property is proudly listed by:

First National Real Estate Armidale 208 Beardy Street
Armidale NSW 2350

Susan Moore

Agent Details
Susan Moore
0447 321 277

Enlarge Map

Open for Inspection
By Appointment

Additional information

Property Type House
Property ID 14811110398
Street Address 4-6 Rowan Avenue
Suburb Uralla
Postcode 2358
Price $425,000
Land Area 2,832 sqm (approx)
Heating Wood