Development Block with Existing Dwelling For Auction

Unlock the potential of 113-119 Mitchell Street, a premier development opportunity spanning approximately 8,019 sqm in the thriving heart of Parkes. This versatile property currently features a spacious 3 or 4 bedroom home boasting formal lounge and dining areas a second shower in the laundry and a convenient single carport-all serviced by town water.

Key Features:
• Zoning: R1 - General Residential, offering flexibility for various residential developments.
• Subdividing Potential: Exciting possibility to subdivide into 9 blocks (subject to council approval), with individual lot sizes ranging from 650 sqm to 805 sqm.
• Income Stream: Currently tenanted, providing an immediate return on investment while you plan your next move.
• Location: Situated in Parkes, an area on the map for predicted growth, ensuring long-term value and demand.
• This property presents a unique blend of immediate income and substantial development potential, making it an ideal investment for savvy buyers looking to capitalise on Parkes' upward trajectory.

Don't miss out on this exceptional chance! Contact our office today to arrange your private inspection and discover more about this outstanding opportunity.