50A & B James Street, Balclutha 9230
This is the perfect opportunity for perhaps a young Tradie to take on either as a “Doer Upper” OR demolish and develop for the sought after housing needed in Clutha. The site is huge being1012m. How many homes could you get on here? Alternatively you could do up the existing property and add to a rental portfolio. It is currently set up as 2 x 2 bedroom flats with open lounge/living. Definitley needs a lot of TLC but your current return could be 11%. Put more work in – tidy it up – rent increases for quality and Voila 14%. Better than money in the bank. The options are yours. View and decide.
Proudly Listed by Jo Turnbull of Cutlers Real Estate.