3 Otway Place, Craigie

This fantastic opportunity is nestled on a large 684 sqm R20/R40 block & is situated on a quiet street in a sought-after pocket of Craigie close to schools, shops & parks. Nestled on sub dividable potential land this property offers the lucky buyer a whole a range of options. This property will not last long so make sure you phone me for a private viewing.

This well-appointed 3 bedroom 1 bathroom + study home boasts 2 living areas, dining room, large outdoor undercover entertaining area, shed, huge backyard perfect for the kids or pets AND HEAPS MORE!

For the savvy investor the property currently offers a rental return of $290 per week and for the developer this rectangular block is prime for a triplex development (stca) with the sewer lines running across the very back of the property, or as already completed on this street it provides the perfect opportunity to subdivide through the middle and build 2 large homes.

This property provides the perfect family home, investment or development opportunity!
Located only a short stroll to two different parks, Craigie Heights Primary, Whitfords Catholic Primary & the newly developed Whitfords shopping centre this ultra-convenient location provides an opportunity too good to be missed!

What are my options with this property?
1. Live in the 3-bedroom 1-bathroom + a study property and enjoy all the home has to offer once the tenancy agreement has finished.
2. Renovate or extend the property with its entire 684sqm area, ideal for kids and pets.
3. Knock down and build 2 large homes.
4. Knock down and build 3 properties.
6. Keep the property tenanted and keep for future development.
8. Knock down, subdivide and sell the blocks individually
9. Knock down, subdivide, build on one block and sell the other
10. THE LIST GOES ON AND ON!!!!

What this property offers!
684 sqm blockZoned R20/R40Location, Location, LocationDevelopment opportunity3 Bedrooms 1 Bathroom StudyMassive front living room Study nookDining area2nd living area Under cover carportLarge undercover entertaining areaShedLarge backyard perfect for kids or pets Close to schoolsClose to shopsEasy access to transportHEAPS MORE