DA Approved For 8 Townhouses PLUS 3 Duplex Pairs
Property ID: 20010677
North Brisbane Location
Land size 3,227m2
Council Approval is in place for:
8 X 3 Bedroom Townhouses +
3 Duplex Pairs, each unit with 3 Bedrooms
Total 14 Units
Purchase Price $795K
Potential Project Profit $650K
Estimated Project Return 17%
Located in one of Australia's fastest growing regions, this unique development already has a DA in place and Council approval to construct 8 X 3 Bedroom, 2 Bathroom, Single lock up garage townhouses and 3 Duplex pairs with each side also having 3 Bedrooms, 2 Bathrooms & a Single lock up Garage.
The Duplex pairs can all be strata titled (sub divided) and sold separately as 6 units.
The project has approval to be built in 2 parts (townhouses & duplex pairs), giving you the opportunity to stage the development if desired.
Demand for housing is currently ahead of supply in this location, due to the strong population growth on the back of employment opportunities. The time to sell properties in this location has almost halved over the past 18 months, while vacancy rates are just under 2%.
Access to transport is easy with a Bus Stop just a couple of doors down and one diagonally across the road, Train Station 850M and the Highway just 1.8km.
Facilities within a few minutes drive include;
University Campus (Under construction)
Westfield Shopping Centre,
Large industrial precinct
There is a Woolworths, Cafe's, Take away outlets, Childcare and Pharmacy all within walking distance.
Primary & High Schools, Aldi, Coles, IGA, Restaurants & Parks are all close by.
For further details including full plans and feasibility calculations call Matthew Barnes on 0430 979 900.