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Expressions of interest
Main road opportunities like this do not come along very often. The City of Marion's Housing Diversity Development Plan Amendment proposes to create a new "Urban Corridor Zone", replacing existing zones and encouraging a mixture of both commercial and residential development. The zone envisages buildings of three storeys in height comprising a variety of land uses including shops, cafes and other non-residential uses at street level, with the upper floors being used for residential purposes (apartments).
While the Diversity Development Plan Amendment is still in the consultation stages, this is a great opportunity to buy and hold. The existing 3 bedroom home is currently tenanted with long term tenants in place and they have indicated a keen interest in staying on.