2 Malouf Street
Colyton, NSW 2760

This property is an exceptional opportunity for investors, builders, and developers seeking a prime location with significant potential and profit in the family-friendly suburb of Colyton. Situated on a generous 537 square meter corner allotment, this residence offers dual street frontage, providing excellent accessibility and flexibility for future development or renovation projects.

The land is zoned R2 Low Density Residential, allowing for a variety of uses including the construction of a luxury new home, a home business, or the addition of a granny flat, subject to council approval. This zoning enhances the property's versatility and potential to increase income streams.

Currently, the property generates immediate rental income of $470 per week under a flexible week-to-week agreement, offering investors instant cash flow while planning future developments. The location is highly convenient, with easy access to major transport routes such as the Great Western Highway and M4 Motorway, and close proximity to local schools, shopping centers, parks, and public transport.

Corner blocks with R2 zoning in this growth corridor are increasingly rare, making this an attractive asset for those looking to secure a valuable property with development upside. The flexible tenancy arrangement provides freedom to maintain steady rental income or to transition quickly into renovation or redevelopment.

This property represents a rare and versatile opportunity in a sought-after area, combining location, potential, and profitability. Interested parties are encouraged to inquire further or arrange an inspection to explore the possibilities this property offers.