1 ACRE stand with an old 3 bedrooms, 2 bathroom home which is still intact, but in need of attention. The owner has secured a cluster permit for double storey townhouses on 500m2 stands each. Each townhouse has approx. 450m2 of living space.
Townhouse: 4 bed all ensuite, guest toilet downstairs, with incomplete kitchen, laundry s cullery, double garage, small patio area.
Developer had hoped to stimulate cash flow by selling off plan once the first townhouse was complete, but has failed to secure any interest ( possibly due to boundary walls not being done, water security incomplete, common roads not done etc )
There is option to purchase acre with the main house, or townhouse on approx. 750m2 or take on the development as a whole. This is a very motivated sale.