OFF MARKET OPPORTUNITY, VIEWING BY APPOINTMENT ONLY. Here you have a rare chance, an option to buy almost the entire street zoned as Medium Density Residential and backing onto already developed apartments and commercial dwellings! A massive opportunity for developers, home buyers and astute investors! Number 5, 6 & 8 Nerissa Ct. Underwood is all up for grabs with a total land size of 3,081m2, a 35m frontage and a chance to build 150+ apartments, commercial offices or multiple dwellings (STCA) Central location, walking distance to Underwood Marketplace including a variety of local shops, backing onto a newly developed residential and commercial apartment complexes and office buildings and with a few more commercial and residential projects under construction around the street. These properties on Nerissa Court, Underwood presents a once-in-a-lifetime opportunity for astute investors seeking to land bank, lease out, develop, or even reside amongst other established and increasingly popular properties in the esteemed Underwood locality. Get a rental of at least $2500pw with these 3 properties to offset the holding cost, while you finalize your build plans etc. A chance to develop one of a kind project in the heart of Underwood where the whole street can be transformed according to your plans. Options to buy: Currently Listed with Team Syed: 5 Nerissa Court: -981m2 -5 Bed 3 Bath -Includes a granny flat which is on rental -MDR zoning 6 Nerissa Court: -964m2 -In the middle of 5 & 8 Nerissa Ct. -6 Bed, 3 Bath -MDR zoning 8 Nerissa Court: -1141m2 -Next to 6 Nerissa & 8 Nerissa -4 Bed, 1 Bath -MDR zoning MDR Zoning- Build High Rise apartments, commercial offices or explore further opportunities as they are located right in the midst of all the new developments in Underwood! Options to Develop (STCA): - Apartment complex - Townhouses - Childcare centre - Hotel/Motel - Aged care facility - Health care services - Commercial apartment blocks - Mixed residential /commercial blocks or apartments It holds endless potential, all you've to do is enquire! HOME FEATURES: - Four Bedrooms | Ceiling Fans | Built-In Robes - Separate granny flat having $370pw rental income at the moment - Master Ensuite | Centralized Bathroom - Multiple Outdoor Patio Areas - Single Lock Up Garage - Solid Single Level Construction - Generous Backyard Area - Modern Kitchen | Ample Storage - Modern Bathroom - Large Living Areas - Large swimming pool with a spacious patio and backyard - Side Access - Separate Laundry Room - Secure Fenced Backyard Area - Beautifully Maintained Gardens & Fruit Trees - Quiet Cul-De-Sac Location Contact Team Syed Ali @04165 498 295 To register your interest or to book a private inspection. "RAY WHITE ROCHEDALE has taken all reasonable steps to ensure that the information contained in this advertisement is true and correct but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements contained. Prospective purchasers should make their own enquiries to verify the information contained in this advertisement."