18-20 Wyrallah Road

East Lismore NSW 2480

Rarely can you find a large double block of 2153.7 sqm within a very easy walk to the East Lismore Shopping Centre and a range of other services. The property is ideally suited to redevelopment subject to Statutory Approvals. In brief, the site is Zoned Residential R1 allowing for broad range of residential housing including medium density options such as, seniors housing, respite day care centres, villas and townhouses. A preliminary feasibility indicates a likely 30% return on a simplistic single level villa development, making this attractive for the astute builder and/or developer. Interested parties must of course rely on their own investigations regarding planning and financial matters. The property is already substantially improved and would certainly provide a solid cash flow while feasibilities are firmed up and planning approvals obtained. 'Interested parties must verify the accuracy and currency of the information. The Agent cannot attest to the correctness of the information as we have not produced it'. It should also be noted there are genuine options to pre-sell housing to the market and we would be delighted to advise on the aspect at your leisure. Build and hold makes a huge sense as well of course, particularly in an extremely tight rental market such as exists in Lismore today. The property has so many other options and you'r really only limited by your imagination as to what to do with this holding, including of course ramping up the existing sporting and recreation facilities. Whilst interest rates are low and demand extremely strong for acquisition and letting, now is the time to act and acquire.