CANVAS OF OPPORTUNITIES
House - Johnsonville Wellington
This property presents many opportunities as it shares a common boundary with 37-41 Sheridan Terrace which is a 2,448sqm site and can also be included with the purchase of 52 Chesterton to create a total footprint of 3,518sqm ripe for development. The vendor is flexible which provides many options for you to review.
Some suggestions for you to consider:
1. Purchase 52 Chesterton Street, a three bedroom character home including large lounge and spacious kitchen/dining, six car garaging and a 1,070sqm section providing available land space to build two townhouses with a 70sqm footprint if you keep the garage.
2. Purchase 52 Chesterton Street, remove the garage to create a larger footprint to build three 70sqm footprint townhouses.
3. Purchase 52 Chesterton Street and 37-41 Sheridan Tce to create one large footprint of 3,518sqm to potentially build 12 Townhouses.
This is a fantastic opportunity for small developers or Mum and Dad builders who could live in the property at 52 Chesterton, utilise the large six-car garage for building materials and build two or three townhouses. Small developers could increase their portfolio by purchasing both properties and develop as site for 12 townhouses. The vendor has information regarding storm water drainage which would run through Sheridan Tce plus soil testing information and potential site utilisation plans.
Download Property Files
- 3 bed
- 1 bath
- 6 Parking Spaces
- Land is 1070 m²
- Floor Area is 130 m²
- 6 Garage