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16 & 18 Sparks Road, Norlane, Vic 3214 For Sale
16 & 18 Sparks Road, Norlane, Vic 3214 16 & 18 Sparks Road, Norlane, Vic 3214-Floorplan

16 & 18 Sparks Road, Norlane, Vic 3214

Bedrooms
4
Bathrooms
2
Parkings
2
Area
963m2
Type
House

Published on Wednesday, July 10, 2024

$740,000 to $820,000

16 & 18 Sparks Road, Norlane, Vic 3214 - More Details

$740,000 to $820,000

Discover an exceptional investment opportunity in the heart of Norlane, minutes from the new Geelong Terminal and Geelong CBD!

With two tenanted homes across two titles, this rare dual occupancy/development property offers significant potential for astute investors and developers alike. Located at 16 & 18 Sparks Road, this combined 963m² (approx.) allotment with a 26 meter frontge and 36 meteres deep, comes with plans and permits already approved for three modern townhouses, making it an ideal venture. Whether you're looking to develop immediately, invest for future gains or live-in one and lease the other, 16 & 18 Sparks Road offers unparalleled potential and a promising return on investment ensuring a successful property venture!

Two stand-alone properties across two titles - currently with long-standing tenants on month-by-month rental agreements whom are keen to stay:
16 Sparks Road: 476m² - 2-bedroom, 1-bathroom, leased for $470 per fortnight
18 Sparks Road: 487m² - 2-bedroom, 1-bathroom, leased for $520 per fortnight
Total: 963m² (approx.) of land with total rental return of $990 per fortnight!

Prime Location:
Minutes from local amenities, schools, public transport, and the Corio Shopping Centre.
Just 70 km from Melbourne CBD, offering an easy commute via the Princes Highway.

Approved Plans & Permits:
Council-approved for three stylish townhouses. Plans and Permits available on request

High Investment Potential:
Strong rental returns and poised for significant capital growth.

Convenience & Lifestyle:
Close to Geelong's CBD, Princes Highway, and the beautiful Geelong Waterfront.
Why Invest Now?

Gentrification Opportunity:
Norlane is primed for gentrification, making now the opportune time to get into the market. Benefit from the area's transformation and increasing property values.

Property Highlights:
Existing homes generating rental income while you prepare for development.
Versatile opportunity for developers to build and sell or hold for long-term investment.
Ideal for investors seeking a solid addition to their portfolio in a high-growth area.

Don't miss this outstanding opportunity to secure a prime piece of real estate. Seize this chance to capitalize on Norlane's growth and secure your future in one of Victoria's most promising suburbs! Act now!

Phone Oz on 0420 765 539 or email [email protected] for further information.
Type
House
Bedrooms
4
Bathrooms
2
Parkings
2
Area
963m2

Price guide

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16 & 18 Sparks Road Norlane VIC 3214

Property FAQs

What is the current asking price for the 16 & 18 Sparks Road, Norlane, Vic 3214?

Everywhere Real Estate has not listed a sale price for 16 & 18 Sparks Road, Norlane, Vic 3214. Contact the agent for a price guide.

How many bedrooms does the property listed 16 & 18 Sparks Road, Norlane, Vic 3214 feature?

16 & 18 Sparks Road, Norlane, Vic 3214 is a 4 bedroom House.

What are the standout features of the 16 & 18 Sparks Road, Norlane, Vic 3214?

Explore all key property features for 16 & 18 Sparks Road, Norlane, Vic 3214. Click here to find out more.

What is the total land area and built-up area of the 16 & 18 Sparks Road, Norlane, Vic 3214?

The total land area and built-up area of the 16 & 18 Sparks Road, Norlane, Vic 3214 have not been disclosed. To find detailed information on the total land area and built-up area, contact the agent.

How many vehicles can be accommodated in the parking area of the 16 & 18 Sparks Road, Norlane, Vic 3214?

16 & 18 Sparks Road, Norlane, Vic 3214 can accommodated 2 vehicles in the parking area.

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