Capital City Development Site With DA For 9 Apartments
Property ID: 19270255
Purchase Price $830K
DA in place for 8 X 2 Bedroom & 1 X 1 Bedroom units
797m2 block of land
Zoned Low Medium Density Residential (2 or 3 stories)
Projected return 20%+
Just 8km to the CBD this small infill development site represents a great opportunity. With a DA in place to construct 8 X 2 Bedroom units and 1 X 1 bedroom unit you can start construction in the New Year.
The location is great, with tenants being able to walk to Bus stops, Train station, Restaurants, Takeaway outlets, Coffee shops, Supermarket, Bars, Parks, Pool, Schools, Childcare and Banks.
Shopping centres, 2 Hospitals, 2 University campuses, TAFE campus additional Supermarkets and Bunnings are all within a few minutes drive.
The land has a gentle slope front to back and is flood free. There is a small 2 bedroom house on site.
While Brisbane is projected to see population growth of more than 13,000 people per year for the next 20 years, this location is built out with no plans to allow high rise development, which will limit population growth and place a premium on land.
For further details and to secure this property call Matthew Barnes on 0430 979 900.