196 Chatham Street
Family Home with Stables & Development Options
A unique opportunity to secure a property offering a myriad of options within its approximate 1200m² allotment. This sizeable four bedroom family home with in-ground pool and courtyard is separately contained and fenced with council-approved stables at the rear of the block accessed from Popran Lane. The stables house 18 boxes, boys/feed/hay rooms, a four horse walker, hose dock and float parking.
The existing family home would benefit from renovation and allow the new owner not interested in retaining the stables the option to subdivide the rear land to allow townhouse re-development STCA. Two proposals have been prepared by ELK Design showing potential future development concepts.
As suggested this property lends itself to a host of redevelopment options, ideally suited to builders/developers looking for a potential staged development or to land bank, or ideal family consortium acquisition allowing future subdivision options for family members to build upon at a later stage STCA.
Pest/Building reports available on request and possible delayed settlement terms available to suitable applicants.
- House with stables or fantastic staged development opportunity
- Combine your financial resources and buy as family consortium
- Ideal opportunity for builders/Developer as home & development site
- Unique site with a myriad of development opportunities
- Transport close by, stroll to race course, minutes to enjoy beautiful beaches
Council Rates - $2808.34
Water Rates - $710.52 + Usage
House Renovated Rental - $750p/w
Stables Potential Rental - $300-$500p/w
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