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Development Site With Big Upside Potential

Property ID: 17503665
Purchase Price $560K
Estimated Project Profit $450K
Estimated Project Return 18.3%
Zoned for 3 levels
Potential for up to 18 bedrooms

For a limited time there is an opportunity to purchase a development site in one of Queensland's best investment locations. The site is ideally located to take advantage of the great lifestyle features nearby.

Subject to Council approval, you will have the potential to build a 3 story walk up with up to 9 X 2 bedroom units.

The existing duplex pair is rented $535 per week, which will provide a good return while you are obtaining the Council approvals.

THE LOCATION

Walking distance to Bus stop, Coffee Shops, Restaurants, Supermarkets, Shopping, Parks, Childcare, Banks & Pharmacy.

Large Shopping Centres 2.8km & 4km
TAFE 3.9km
Public Hospital 4.9km
Train Station 5km
University 5.2km
Private Hospital 5.4km

There is also the option to negotiate with surrounding neighbours to put together a much larger development site.

For more details call Matthew Barnes on 0430 979 900.

Matthew Barnes

Phone: 0430 979 900

Enquire Now

Land Area: 610m2

Type: Residential, Duplex Semi-detached

Investment Strategy: Development

Total Return On Costs: 18.3%

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Matthew Barnes

Phone: 0430 979 900

Enquire Now

Land Area: 610m2

Type: Residential, Duplex Semi-detached

Investment Strategy: Development

Total Return On Costs: 18.3%