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1800 600 890

1 Into 3 Sub Division With DA In Place

Property ID: 19027845
Purchase Price $580K
Lot 1 402m2
Lot 2 503m2 With existing 4 Bedroom Renovated House
Lot 3 612m2

Projected selling prices;

Lot 1 $210K
Existing house $380K
Lot 3 $235K

Total $825K

Located in the south Brisbane Metro region, this small development is ready for you to take over. The DA is in place so you can get straight on with the job.

On a 1,518m2 block of land with a 20.2m frontage and service road (not yet sealed) at the back. The existing 4 bedroom house has been renovated and is ready to sell as is.

This and the surrounding streets are nearly 90% owner occupied, which may explain why rental properties attract almost 11% above the suburb average yield.

Facilities Nearby Include;

Child care 500m and several others within 2.5km;
State Primary Schools 1km, 1.8km and 2km;
State High Schools 1.2km;
Private schools 1.5km & 1.9km;

Hospital 6.5km
TAFE 6.8km
Train Station 5.9km
University 7.7km
Bus stop 600m
Access to Motorway 8km

Coles, Aldi X 2 and IGA are all within 2.5km;

Subway, Dominos, McDonald's, KFC, Red Rooster and Zarraffa's have all invested in the location.

A $60 million upgrade has recently taken place at a shopping centre 2km from the property. This has created an additional 250 ongoing jobs.

Being located half way between 2 Major Centres in SE Queensland, with large parcels of industrial land, the region is attracting the attention of businesses looking to avoid traffic congestion in Brisbane while taking advantage of the easy access to the nearby major regional centres.

It has a strong, diverse and growing economy with the major employers being Manufacturing & Retail, Business & Community services, Construction & Agriculture.

There are approximately $2 Billion worth of private and Government funded infrastructure projects proposed, approved or under construction. These projects are predicted to create approximately 10,000 ongoing jobs and thousands of construction jobs to the surrounding area.

Vacancy rates in the area have been low for a number of years and there has been high demand from renters for this style of living.

Call Matthew Barnes on 0430 979 900 for further details and to answer any questions you have.

Matthew Barnes

Enquire Now

Land Area: 1518m2

Type: Land

Investment Strategy: Development

Total Return On Costs: 15%

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Matthew Barnes

Enquire Now

Land Area: 1518m2

Type: Land

Investment Strategy: Development

Total Return On Costs: 15%