Development Opportunity For Up To 10 Townhouses Close To The CBD
Property ID: 14676525
Purchase Price $1.16M
Total Estimated Costs $3.77M
Estimated Profit $675K
Projected Return 18.6%
8km from the CBD
2 lots of land (697m2 + 530m2 = 1,137m2) selling together with potential to construct up to 10 townhouses (subject to Council approval). The 2 blocks of land combined provide a flat almost rectangle site, zoned for unit and townhouse development.
Walking distance to Bus stops, Train station, Shopping, Restaurants, Cafe's, Woolworths, Bars, Parks, Childcare, High School, Banks, Pharmacies and Australia Post.
Close by are Cinemas, Primary school, Coles, IGA and Bunnings.
A number of Hospitals, University and TAFE Campuses within a 10m minute drive.
There is an option to purchase just the bigger block for approximately $640k and build 4 townhouses.
For further details please call Matthew Barnes on 0430 979 900.