A unique dual-income or redevelopment opportunity. This property offers a versatile real estate proposition for investors, value-add renovators, and residential developers.

Occupying a substantial, rectangular 695.6m² land parcel with a 15.24m street frontage, the property features two existing, fully independent 3-bedroom residences. This rare configuration provides immediate dual-holding income while exploring redevelopment avenues.

The site presents two distinct investment strategies: an immediate Strata Title Subdivision (STCA) to renovate and sell the two existing dwellings individually, or a complete Dual Occupancy (Duplex) Redevelopment under traditional Council DA pathways taking full advantage of the site's generous 0.55:1 FSR limit.

Development

• Zoned R2 - Low Density Residential
• Frontage: 15.24m, Depth 45.72m
• Total Site Area: 695.6m²

Residence A:

• Three bedrooms, two with built-in robes
• Modern kitchen with breakfast bar & gas cooktop
• Hardwood floorboards throughout
• Gas & sandstone fireplace to living
• Updated main bathroom separate bath & shower
• Choice of lounge room and sunroom/family room
• Split system air conditioning
• Internal laundry with additional toilet
• Undercover paved alfresco entertaining
• Additional outdoor timber deck
• Off-street parking available in driveway

Residence B:

• Three bedrooms, all with built-in robes
• Modern kitchen with gas cooktop
• Hardwood floorboards throughout
• Updated main bathroom separate bath & shower
• Open plan living & dining space
• Split system air conditioning
• Internal laundry
• Timber deck overlooking level yard
• Garden storage shed
• Off-street parking available in driveway

Local Amenities:

• 160m to local IGA, cafe & specialty shops
• 1.4km to Sylvania Heights Public School
• 850m to Sylvania High School
• 1.9km to Our Lady Star of the Sea Catholic Primary School
• 2.3km to Miranda train station
• 1.7km to Southgate Shopping Centre
• 1.9km to Westfield Miranda
• 7.4km to Cronulla's beaches

Whether you choose to capitalise on the double rental return, execute a strategic strata conversion to sell individually, or clear the block for a duplex development (STCA), opportunities offering this level of flexibility are rare.