Potential Development Site.
Perfectly positioned within 2 km of the CBD, 130-132 Erskine Road is ideally suited for multi dwelling development.
The existing cottage allows investors to earn an immediate income while undertaking a staged development.
On approximately 2024sqm, the lot size allows flexibility in design for medium density development.
Griffith City Councils development control plan has been recently updated and allows generous opportunity to maximise the site.
Positioned within walking distance to the CBD, Murrumbidgee Regional High School, Griffith Tafe Campus, Foodworks Supermarket and the $18 million redevelopment of West End Stadium and Sports Oval.
As regional cities nation-wide continue to grow strongly, Griffith has proven to be a very safe location for investors over the years. Propertyology recently reported the five year median house price change at 38.5%. Rental values have also increased significantly.
Griffith has over the last five years struggled with critically low vacancy rates. Lack of quality accommodation continues to be the biggest limitation for population growth in the city.
*potential cottage rental $320-$350pw*