Huge Block, Huge Opportunity

Description

Situated on Garfield Rd East, Riverstone is this 4-bedroom brick veneer residence, with single lockup garage, it is a short distance to local schools, shopping, public transport, parks and other local amenities. On an elevated aspect take in the stunning vista’s while enjoying a quiet beverage or a sneaky pre-dinner snack on the veranda with family or friends.

Upon entry you are greeted with an L shaped hallway and 9ft ceilings. Polished timber floorboards are found throughout. Through the double glass sliding doors, you will find a generously size lounge room and a private study space for those working from home days.

A cosy and original, but functioning kitchen overlooks the vast open backyard. Ducted air-conditioning is found throughout. The bathroom is functional with original décor and a separate toilet. All the bedrooms are large in size and allow for you own tasteful arrangement.

Leading down into the backyard is a large undercover entertainment space, great for those BBQ’s with the extended family or entertaining your guests. The property is surrounded by well-established gardens creating a private oasis.

The original residence is still located on the property and has been used as storage in recent times. Whilst it is not in a liveable condition, this space with a bit of imagination could be transformed into something amazing and functional, (subject to council approval).

The property is approximately 2011sqm (half an acre) and currently zoned R2, and is located within the Riverstone Town Centre Masterplan. The Riverstone Town Centre Masterplan indicates that this property may change to R4 zoning, with a maximum building height of 16 metres (6 stories), subject to council approval. Stage 1 of the masterplan has just been on public exhibition and is being progressed by council.

This property is the perfect investment for an owner occupier, investor or a developer, with so much opportunity on offer, this is the first time in 40 years this property is being offered for sale, securing this rare property should be a priority.

The property is being offered for sale by expression of interest, closing at 5pm on Friday 24th April 2020.