Cannington

Ideal Location and Design

This corner lot, perfectly positioned at the intersection of Station St and Grey St, offers an exceptional opportunity for a six-townhouse development. The advantageous corner location means there’s no need for a shared driveway or common service areas, allowing for maximum use of the land. This design efficiency translates to more space and privacy for each townhouse, enhancing the appeal for potential tenants or buyers.

Thoughtful Layout and Spacious Living

Each townhouse boasts a substantial built area of approximately 220m² on a 180m² lot. The well-planned layout includes:

• Three Spacious Bedrooms: Ample room for families or individuals looking for comfortable living spaces.
• Three Modern Bathrooms: Ensuring convenience and privacy for all residents.
• Three WCs: Additional convenience to accommodate guests and family members.
• A Study Room: Perfect for remote work or as a quiet space for studying.
• Kitchen and Dining Area: Designed for functionality and style, ideal for family meals and entertaining.
• Separate Laundry: Adding convenience and keeping utility spaces organized.
• Alfresco Area: Providing an outdoor space for relaxation and entertainment.

Construction Details

The ground of this lot comprises class S clay, which necessitates specific construction techniques to ensure stability and durability. The development includes a sand pad and cross beam footings, which are essential for building on this type of soil. These measures guarantee a solid foundation and long-lasting structures.

Strategic Partnership and Financial Advantages

This project is a joint venture with JAV Properties, a sister company of JAV Developments, bringing together expertise and resources for a successful development. The decision to retain ownership of the project rather than selling it has proven to be financially advantageous. In the current market, the rental income from these townhouses is substantial, creating a positive cash flow for the owners. This strategic choice highlights the strong demand for high-quality rental properties in the area and ensures ongoing returns on investment.

Conclusion

This six-townhouse development on a prime corner lot exemplifies smart design and strategic planning. With spacious and well-thought-out layouts, solid construction, and a strong rental market, this project stands out as a lucrative and desirable investment. Whether you’re a potential tenant or a prospective developer, this property offers an excellent opportunity for both quality living and financial gain.