Description
**Property Overview at Poona Place**
This unique property is ideally situated at Poona Place, approximately 3.0 kilometres south of the bustling central business district of Lautoka, in the charming locality known as Drasa/Vitogo.
It is easily accessible via Poona Place, which runs off Vomo Street, ensuring a straightforward route to the commercial hub and surrounding areas.
**Utilities and Amenities**
The property is fully equipped with essential services, making it a convenient and practical choice for residents. Major utilities such as EFL power and WAF water supply are connected, complemented by a significant 10,000-liter backup water tank that ensures a reliable water supply. TFL phone lines and a comprehensive sewerage system are also in place, contributing to the overall functionality of the property.
In terms of local amenities, residents will find that schools, shopping centers, medical services, and recreational areas are all within a convenient 5-minute drive. The nearby Vomo Street also offers regular public bus services, located just 100 meters from the property, enhancing accessibility and reducing travel time to the city center and beyond.
**Property Features**
Positioned on an elevated lot, this property boasts a generous total land area of 971.0 sqm and provides stunning panoramic views of the surrounding landscape, creating an inviting atmosphere for both residents and visitors. The zoning for this property permits multi-unit residential use, making it ideal for various residential arrangements.
Currently, the property comprises three attached buildings. The main structure features a spacious layout with three well-appointed bedrooms, a functional kitchen, a comfortable living room, a washroom, and a bathroom designed for convenience. The adjoining building offers a similar lifestyle with two bedrooms, a kitchen, a living room, a washroom, and a bathroom, perfect for guests or extended family living. Furthermore, the vendor is actively constructing an additional studio flat adjacent to the main building structure, presenting the potential for added rental income or personal use.
**Investment Potential**
At the current market rate, the estimated potential annual gross income from renting out the entire property is projected to be a minimum of $28,000.00. This revenue potential underscores the investment opportunity presented by this property, making it an attractive choice for investors looking to capitalize on the growing residential demand in the area.
**Additional Information**
For peace of mind, a valid Engineer’s Certificate and a comprehensive Valuation Report are available for prospective buyers’ review. The property is being offered at an asking price of $450,000.00, representing a solid investment in a prime location with immense potential.
This property at Poona Place is not just a home; it is an opportunity to be part of a thriving community, with all the conveniences and lifestyle benefits that come with it.
