2 Malouf Street
Colyton, NSW 2760

This property offers an exceptional opportunity for investors, builders, and developers seeking a prime location in a family-friendly area of Colyton. It is situated on a substantial 537 square meter corner block, providing dual street frontage that enhances accessibility and offers flexibility in design and construction logistics for future development projects.

The site is zoned R2 Low Density Residential, which allows for a variety of uses including the construction of a new luxury home, operating a home business, or adding a granny flat to increase income streams, subject to council approval. This zoning versatility makes the property highly adaptable to different investment or personal use strategies.

Currently, the property generates immediate rental income of $470 per week under a flexible week-to-week tenancy agreement. This arrangement provides investors with instant cash flow while they plan for potential redevelopment or renovation.

Located with convenient access to major transport routes such as the Great Western Highway and M4 Motorway, the property is close to local schools, shopping centers, parks, and public transport hubs, making it an attractive option for families and tenants alike.

Corner blocks with R2 zoning in this growth corridor are increasingly rare, offering a unique chance to secure a valuable asset with significant future development potential. The flexible tenancy arrangement allows owners to maintain steady rental income or transition quickly into renovation or redevelopment phases as desired.

Given the property's strategic location, size, zoning, and current income, it represents a compelling investment or development opportunity in Colyton's thriving market.