25 Ontario Avenue

Corio VIC 3214

Set on a generous 702m (approx.) allotment, this solid concrete home offers an outstanding opportunity for investors, developers, or buyers looking to secure a property with plenty of future potential.Known for its durability and long-lasting construction, the home features three well-sized bedrooms, a central bathroom, and a comfortable living and kitchen area. A double car space provides secure parking and added convenience.Currently tenanted on a periodic lease at $300 per week, the property provides immediate rental income with the flexibility to increase the rent, move in, renovate, or explore future development opportunities (STCA).With a rental appraisal of $420 $440 per week, this property presents strong potential to improve returns. Additionally, plans and permits were previously issued on 22/03/2022 (buyers should conduct their own due diligence regarding current validity).Whether you are looking to invest, landbank, develop, or create your ideal home, this property offers incredible flexibility in a growing Corio location.Key Features- 3 spacious bedrooms- Central bathroom- Solid concrete home built to last- Comfortable living and functional kitchen area- Double car space- Generous 702m (approx.) block- Currently leased at $300 per week (periodic lease)- Opportunity to increase rental return- Rental appraisal: $420 $440 per week- Potential development opportunity (STCA)Due diligence checklist: http://www.consumer.vic.gov.au/duediligencechecklist.Disclaimer: All stated dimensions in the content and photos are approximate only.Note: Every care has been taken to verify the accuracy of the details in this advertisement; however, we cannot guarantee its correctness. Prospective purchasers are requested to take such action as is necessary, to satisfy themselves with any pertinent matters.