Three titles in the heart of Wellington Point provide investment opportunity | Property of the week

Property of the week

  • Wellington Point
  • 7-11 Fernbourne Road
  • $3.325 million
  • Agency: Whicher Estate Agents, Ormiston
  • Contact: Gordon Whicher, 0400 901 515
  • Inspect: Contact the agent for an appointment

Here is a perfect opportunity to secure a huge investment potential with the freedom of options - and the ground work has already been done.

Presenting three titles in the very heart of Wellington Point which have already been council approved for a 45 apartment boutique complex.

The complex design consists of a modern contemporary coastal appeal and features distant water views from the upper levels.

Land size itself is 4218 square metres and will consist of 82 car park spaces, including 77 for residents.

The 45 apartments are a mix of two one bedroom, 27 two bedrooms and 16 three bedrooms.

This ideal location has plenty of off street parking and is close to the train station for an easy commute.

It is a short stroll to the vibrant restaurants and the commercial hub of Wellington Point and has excellent profit potential being ideal for the Redlands demographic.

Combined, these titles are also ideal for an association, Church, outreach centre, hostel accommodation or communal living.

The options are endless and this is an opportunity not to be missed.