53 Valfern Court, DUNDOWRAN For Sale

$1,500,000

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Multiple income property

Finding an acreage property zoned for and with multiple dwellings is rare, but with existing tenants and room for additional units subject to council approval this is one unique property.This property is zoned rural residential with a rates category 8a which enables up to ten individual living units subject to council approval across this five-acre site. You could potentially add cabins, homes or Dongas and create a great little homestead and investment.Mains sewerage is coming and there is a great deal of development close already making this a potential future gold mine.Two of the council approved properties are currently leased to permanent tenants and others have an application in council.There are multiple sheds, a nice pond that one property overlooks, and it is fully fenced.The capped borehole can provide plenty of water for irrigation, just add a pump or windmill.Eli Waters shopping centre is close by with plenty of independent shops, supermarket and warehouse stores. Dundowran Beach is five minutes away and the hospitals zone or CBD is the same. After thirty years of developing this property, it is time for the current owner to move on.There are too many sheds, rooms and dwellings to show more than a small selection of photographs.Inspection is by appointment only, so please call Stephen if you have any questions.

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Property Agents

  • Stephen Wright RE/MAX Partners Real Estate

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