A house in 1059599 Lutana TAS. It has an approximate value of $625,000. Constructed in 1954, with 3 bedrooms and 2 bathrooms.
EXCEPTIONAL VALUE WITH OPTIONS GALORE!!! 46 Ashbolt Crescent is a Council approved multi-story dwelling unit comprising a three bedroom home upstairs and completely separate two bedroom home downstairs metered separately. ALSO on offer is Council approval to build a contemporary Town-house on site which can then be Strata Titled (STCA).Rental return of upto $600 per week (with tenants READY TO SIGN leases if not sold as vacant possession) this has been an outstanding long term investment for the current owner who has also gone to the expense of having the property approved as separate units which added significant value to the property in addition to the Town-house approval which of course is an outstanding opportunity for any potential developer.The home has recently been independently valued at $445,000 by a bank appointed valuer ??? this valuation does NOT include any value apportioned to the development approval. A copy of this and former bank valuations is available upon request as are the approved Town-House plans.Currently vacant in order to be sold as vacant possession should a prospective purchaser require a home with a separate dwelling for an elderly parent or relative it is also in ready to re-tenant (tenants already applied).Of brick construction with aluminium windows the home has a commanding street presence and enjoys expansive water-views from both the top and bottom levels and is diagonally opposite a golf course. Both properties have been re-painted and re-carpeted in neutral tones. The bathroom is brand new in the upstairs residence and the bathroom in the unit is disabled friendly with access for wheel-chair occupants to shower.The upstairs home is absolutely HUGE in size and the lounge and dining room are separated by sliding doors which, when open can easily accommodate upto 30 guest with ease. The master and both other bedrooms both have built ins and the master enjoys lovely water-views.The downstairs unit is ideal for the elderly with its entry level, own private courtyard and minimum maintenance or perfect to rent out to offset the mortgage.Naturally the profit potential from the construction of the Town-House is very lucrative with recent high quality unit sales in Lutana achieving fantastic prices due to the proximity to the city ??? this Town-house has the added advantage of expansive water-views.All in all this is a highly attractive package that would suit a number of purchasers including:Live in one with a family member in the otherLive in one and subsidise the mortgage with rental income from the otherDevelopers ??? re-tenant the entire property and enjoy the income stream whilst building the Town-HouseApply for council approval to convert the home back into a HUGE house if you require a lot of room for a large family.Ollie will be delighted to meet you on-site at the open home to showcase this opportunity or welcomes your call for a personal inspection at your convenience.Please note this home is owned by a member of staff at Ripple Realty.???We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. Prospective purchasers are advised to carry out their own investigations???.Additional feature/s - Council approved as two units PLUS Council approval to build Town-house.