SOLD AT auction $1,446,000
28 george street, thirroul
Subdivision and development potential
Rarely do such fantastic opportunities come up on the market with different development options. This original weatherboard clad cottage is set on a large 1072m2 block, approximately 20.4m x 52.7m.
Development opportunity on this property alone will raise the interest of many buyers in the Northern Illawarra. Gently sloping upwards, stormwater drainage will not be a problem, with no need for easements. The wide 20.4m frontage creates a number of development options for an astute investor.
As for the cottage, it is well kept, with high ceilings and original timber flooring under the carpets. First time offered for sale and showcasing original features, it is ready for a renovation or just move straight in.
The big advantage is a huge garage/workshop at the back, large enough for a boat or a caravan.
The property's central location is one of its main attractions, with Thirroul village literally 300 metres of level walk down the road. Thirroul train station with the express trains to Sydney is just a stroll away, as well as an amazing array of shops, diverse eateries and schools.
Options to consider:
1. Keep the home and renovate, with future potential for a second dwelling
2. Subdivide the land, keep the home and build a new home at the back
3. Subdivide the land, knock the cottage down and build 2 new luxury homes
4. Buy as investment, rent the cottage out until you are ready to capitalize or build
5. Potential for multi dwelling development
Whatever your requirements, the cottage can be leased to provide rental income in the meantime.
Zoning R2 - Low Density Residential
Property Type: House
Garage Spaces: 4
Land Size: 1072m2
Registered Valuer No: 28854
0414 539 699
EMAIL AGENT ABOUT 28 GEORGE STREET, THIRROUL