3/41 Macrae Street

East Bairnsdale VIC 3875

Take advantage of this residential development opportunity situated in Bairnsdale. Residential one zoned 2716m2 vacant parcel of land with a current planning permit for the construction of 6 dwellings. The site allows for 6 individual titles ranging in size between 259m2 & 329m2. Two 2 bedroom and four 3 bedroom homes are proposed, all dwellings are brick veneer and consist of an ensuite to the main bedroom plus main bathroom. Single garage to the 2 bedroom homes and double garage to the three bedroom homes. Open plan design with tiled entry hall leading to the open kitchen, meals and family living room.
All homes have direct internal access to the garage for ease of access. Existing approved plans are proposed through local builders GJ Gardiner but new developer may use alternative along similar building footprint as permitted. Proposed forecast on individual dwelling selling price aligns perfectly into the local investor market with approximately 7% gross return or suitable for the retirement market with comfortable, affordable living with minimal to low maintenance grounds. Currently the development has an extended 2 year permit approved and the subdivision has very minimal construction costs needed to complete. All the hard work has been done, contact selling agents for current plans and permit information.