1 Into 3 Subdivision 25 Minutes To The Brisbane CBD
Property ID: 19370415
Purchase Price $700K
2,529m2 block of land
Approval In Place For 1 Into 3 Lot Subdivision
Projected return 19.7%
Situated on a huge 2,529m2 lot of land this property comes with a DA in place to subdivide into 3 lots.
At the front of the block there is a 5 bedroom, 3 Bathroom 2 level house which has an estimated rental of approximately $430 to $450 per week.
Approval has been granted to sub divide the land behind the existing house into a 2nd and 3rd lot, each with potential for duplex development.
The property is located in a premium part of the region, just 25 minutes drive from the Brisbane CBD and 35 minutes to the Gold Coast.
Only 4.5km to a major shopping centre, which provides employment for several thousand people, with more than 80,000m2 of retail space and more than 4,000 parking spaces.
Myer, Kmart, Big W, Coles, Woolworths, Bi-Lo, Aldi and Birch Caroll & Coyle with a 12 Screen Cinema are the anchor tenants. It is also a major Bus exchange, providing buses directly to the Brisbane CBD.
Facilities Nearby -
Child care centres;
State Primary Schools;
State High School;
Bus stop 300m;
Access to Motorway 1.5km;
Griffith University 6.6km
Logan Hospital 7.3km;
Train Station 7km;
Big W, Woolworths, Aldi, Coles, Foodworks, IGA are all within 5 minutes drive;
Subway, KFC, Hungry Jacks, Krispy Kreme, Nandos, Red Rooster all have invested in the area.There is more than $2 Billion in infrastructure investment either under construction or approved for the region.
This suburb is 75% owner occupied, has low levels of public housing and has primarily detached houses. The pocket in which this property is located has above average selling prices for the suburb, higher average rental yields and has incomes 21% higher than the suburb average.
For further details call Matthew Barnes on 0430 979 900.