1,839m²* Residential Site with High Rental Income
14-20 Dillon Street, Ramsgate
Price: EOI Closing 15th September 2020

Conveniently located just off Rocky Point Road is this unique offering of 4 established residences totalling approximately 1,839m²* of land area. Each block provides approximately 495m²* with holding income.

The four titles are all currently leased and providing a combined rental income of approximately $153,558.16 pa.

Features include:

• Mixed tenants
• Superb location
• Development potential
• Excellent rental income
• Rare offering being four houses/blocks in one line
• Great proximity to Ramsgate CBD as well as Ramsgate Beach
• Zoned R2 – Low Density Residential
• Floor Space Ratio of 0.5:1
• Maximum Building Height of 8.5m
• Permitted with consent attached dwellings, boarding houses, centre-based child care facilities, dual occupancies, dwelling houses, senior housing, respite daycare centres and semi-detached dwellings to name a few. All subject to council approval.

Contact exclusive CPG agents Hayden Bennett on 0477 665 455 or Damen Astey on 0431 817 616 to receive an information pack today.