11 - 13 Forrest Street, Victor Harbor SA 5211
Prime Central Development Site House - Property ID: 914004
A total of 1960m2 located on level ground over 2 titles in the heart of the CBD of Victor Harbor. Flat strolling distance to the Victor Shopping Centre, Medical Centres and other town facilities. An extremely popular area (high demand) for retirees with several groups of Community Title Units in the vicinity. The property is sited in Policy Area 8 according to the City of Victor Harbor Development Plan which allows for a minimum site area of 300m2 for detached dwellings and 220m2 for semi-detached dwellings so potentially the whole site could accommodate 6 retirement style units, in keeping with the demand of the area. Current improvements include 2 x dwellings with permanent tenants under Periodic Tenancy returning a gross of $390 per week.
- Land Size Approx. - 1960 m2