4 Devlin Street, Ashcroft, Nsw, 2168

A​ ​Rare​ ​Opportunity​ ​Combining​ ​Immediate​ ​Rental​ ​Income​ ​with​ ​Exciting​ ​Development​ ​Potential​ ​

Positioned​ ​on​ ​a​ ​substantial​ ​676²​ ​parcel​ ​of​ ​R3​ ​zoning​ ​land,​ ​4​ ​Devlin​ ​Street​ ​presents​ ​an​ ​outstanding​ ​opportunity​ ​for​ ​investors,​ ​developers​ ​and​ ​astute​ ​buyers​ ​seeking​ ​a​ ​property​ ​offering​ ​both​ ​immediate​ ​rental​ ​income​ ​and​ ​significant​ ​future​ ​potential.​ ​

Adding​ ​to​ ​the​ ​appeal​ ​is​ ​the​ ​property's​ ​position​ ​amongst​ ​significant​ ​redevelopment​ ​activity,​ ​is​ ​the​ ​opportunity​ ​to​ ​acquire​ ​the​ ​adjoining​ ​property​ ​at​ ​13​ ​Maxwells​ ​Ave,​ ​jointly​ ​currently​ ​DA​ ​approved​ ​for​ ​a​ ​total​ ​of​ ​7​ ​townhouses,​ ​comprising​ ​a​ ​combination​ ​of​ ​attached​ ​duplex-style​ ​dwellings​ ​and​ ​freestanding​ ​residences.​ ​

Potential​ ​for​ ​Duplex​ ​Development​ ​

The​ ​substantial​ ​landholding​ ​provides​ ​an​ ​exciting​ ​opportunity​ ​to​ ​explore​ ​another​ ​potential​ ​development​ ​of​ ​duplex​ ​dwellings,​ ​with​ ​the​ ​possibility​ ​of​ ​incorporating​ ​studios​ ​or​ ​additional​ ​dwellings​ ​to​ ​each​ ​duplex,​ ​with​ ​the​ ​possibility​ ​of​ ​utilising​ ​the​ ​CDC/private​ ​certifier​ ​pathway​ ​where​ ​the​ ​proposed​ ​development​ ​meets​ ​the​ ​applicable​ ​planning​ ​and​ ​building​ ​requirements.​ ​

For​ ​the​ ​astute​ ​developer,​ ​the​ ​property​ ​may​ ​provide​ ​the​ ​potential​ ​to​ ​create​ ​a​ ​higher-yielding​ ​multi-dwelling​ ​development​ ​

Property​ ​Highlights:​ ​

•​ ​Generous​ ​676m²​ ​landholding​ ​18.9m​ ​frontage
•​ ​Existing​ ​3-bedroom​ ​residence​ ​
•​ ​Currently​ ​leased​ ​at​ ​$540​ ​per​ ​week​ ​
•​ ​Immediate​ ​rental​ ​income​ ​while​ ​exploring​ ​future​ ​development​ ​
•​ ​Potential​ ​to​ ​investigate​ ​duplex​ ​development​ ​
•​ ​Potential​ ​for​ ​studio​ ​or​ ​additional​ ​dwellings​ ​associated​ ​with​ ​each​ ​duplex,​ ​subject​ ​to​ ​applicable​ ​planning​ ​controls​ ​and​ ​approval​ ​
•​ ​Potential​ ​to​ ​utilise​ ​a​ ​private​ ​certifier/CDC​ ​approval​ ​pathway,​ ​subject​ ​to​ ​eligibility​ ​and​ ​compliance​ ​with​ ​all​ ​relevant​ ​requirements​ ​
•​ ​Option​ ​to​ ​purchase​ ​the​ ​adjoining​ ​property​ ​currently​ ​DA​ ​approved​ ​for​ ​7​ ​townhouses​ ​
•​ ​Approved​ ​adjoining​ ​development​ ​incorporates​ ​a​ ​combination​ ​of​ ​attached​ ​and​ ​freestanding​ ​dwellings​ ​
•​ ​Strong​ ​opportunity​ ​for​ ​developers,​ ​investors​ ​and​ ​land​ ​bankers​ ​
•​ ​Established​ ​Ashcroft​ ​location​ ​close​ ​to​ ​Liverpool​ ​CBD,​ ​schools,​ ​shopping,​ ​transport​ ​and​ ​major​ ​road​ ​connections​ ​

All​ ​development​ ​opportunities​ ​are​ ​subject​ ​to​ ​detailed​ ​investigation,​ ​planning​ ​controls,​ ​site​ ​requirements​ ​and​ ​approval​ ​by​ ​the​ ​relevant​ ​authority.​ ​Purchasers​ ​should​ ​make​ ​their​ ​own​ ​enquiries​ ​with​ ​Liverpool​ ​City​ ​Council​ ​and​ ​a​ ​suitably​ ​qualified​ ​planning​ ​consultant/private​ ​certifier​ ​regarding​ ​the​ ​feasibility​ ​and​ ​approval​ ​pathway​ ​for​ ​any​ ​proposed​ ​development.​ ​

Disclaimer:​ ​The​ ​above​ ​information​ ​has​ ​been​ ​extracted​ ​based​ ​on​ ​visual​ ​inspection​ ​by​ ​the​ ​agent/agents​ ​representing​ ​Richardson​ ​&​ ​Wrench​ ​Hinchinbrook​ ​and​ ​by​ ​information​ ​received​ ​from​ ​the​ ​client's​ ​and​ ​their​ ​legal​ ​representative.​ ​We​ ​have​ ​not​ ​verified​ ​whether​ ​that​ ​information​ ​is​ ​accurate,​ ​and​ ​do​ ​not​ ​have​ ​any​ ​belief​ ​one​ ​way​ ​or​ ​the​ ​other​ ​in​ ​its​ ​accuracy.​ ​All​ ​interested​ ​parties​ ​should​ ​make​ ​and​ ​rely​ ​upon​ ​their​ ​own​ ​inquiries​ ​to​ ​determine​ ​whether​ ​this​ ​information​ ​is​ ​in​ ​fact​ ​accurate.