Rarely do we see a property that offers such a unique "blank canvas" appeal in a prime location. Situated on a generous 860m2 section, this property bridges the gap between residential comfort and commercial utility.
While the 160m2 character home has seen better days, the bones of a great opportunity are right here for the visionary buyer. Whether you are looking to restore, repurpose, or start fresh, the potential for value-add here is immense. In its recent past it has been separate residential flats and a successful Tax Advisory business.
The Breakdown
• The land: A flat, spacious 860m2 site with excellent street profile.
• The status: Residentially zoned with a highly coveted commercial use category, offering a versatile range of future possibilities.
• The structure: A 160m2 footprint ready for a complete overhaul or removal.
• A true "renovator's special".
We aren't sugar-coating it - this building needs TLC. It is being sold in "as-is, where-is" condition, and buyers should come prepared for a project. Known issues include:
• Roofing: Active leaks requiring immediate attention.
• Plumbing: A broken pipe under the floorboards.
• Foundation: Requires investigation.
Why buy here? Location is everything. Positioned on Southampton Street West, you benefit from high visibility for potential business use while maintaining the heart of a residential zone. This is a "land bank" dream or a developer's next win.
Bring your architect, your builder, and your imagination.
