Discover a rare opportunity in the heart of Chatswood. This character-filled villa, situated on a flat 830 sqm (approx.) freehold site (with an additional 170sqm driveway), offers multiple avenues for homebuyers, developers, and investors alike. Zoned for Terrace Housing and Apartments (THAB), the property presents exciting development potential while currently generating a strong short-stay rental income.

Villa Features: * High stud ceilings and generously proportioned, period-style rooms. * Expansive open-plan living and dining area with freestanding log burner. * Retro-style kitchen with tiled floors and benchtops. * Two separate living rooms and four double bedrooms, served by two bathrooms and a large separate laundry. * Off-street parking for up to five vehicles at the rear including the Double garage.

Development and Investment Features: * Generates over $100,000 p.a. from Airbnb/short-stay rentals * Flat 830 sqm site zoned THAB with prime development potential * Concept plans available for 10 townhouses, and explore a possible 24-studio apartment design. * Option to retain the villa and build three terrace homes to the front yard (concept plans available) with nearby access to services * Minimal earthworks and retaining required for future builds * 170 sqm legal Right of Way (ROW) driveway (On top of the 830sqm site). * Potential for 360-degree views if building up.

This property offers incredible flexibility-whether you're looking to develop, invest, or renovate a charming villa. Situated just 8 km from the CBD, with a kerbside bus stop and easy walking access to local cafes, supermarkets, and essential amenities, the location is unbeatable. Enjoy being close to Chelsea Park, Chelsea Bay, and the vibrant Birkenhead village precinct. With great options and a prime location, this property is a rare opportunity not to be missed.

Auction In Rooms, 411 Remuera Road, Remuera - 4:00pm Thursday 28/11/2024 (unless sold prior)