Alice St, Kedron
Description
625m2 of LMR land scheduled to be re-zoned to MR. Agent and seller not aware of re-zoning.
Strategy
Rent now, develop later. Site is suitable for 9 units.
Purchase Price
$450,000
Client Type
Experienced developer
Anticipated Outcome / Development Costs
Client amalgamated with next door and sold for $950,000 (without a DA)
Twists
Re-zoning from LMR to MR.