DA Approved For 8 Townhouses PLUS 3 Duplex Pairs
Property ID: 20010677
Strong Growing 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 & 2 Bathrooms
Total Number Of Individual Dwellings: 14
Purchase Price $795K
Potential Project Profit $560K to $690K
Estimated Project Return 14% to 17% (after paying GST)
Located in one of Australia's fastest growing locations, 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.
With all the approvals in place and a fixed price build contract available, most of the variables and risk has been taken out of this project.
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 (Duplex Pairs & Townhouses), 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, comparable sales and feasibility calculations call WFH Direct on 1800 600 890