4,200 M2 Development Site, 25 Minutes To The Brisbane CBD
Property ID: 19115975
Purchase Price $1.95M
4,240m2 block of land
44m Street Frontage
Zoned for 3 Levels with 27 X 3 Bedroom or 39 X 2 Bedroom units (STCA)
Projected return 21.65%, based on 39 X 2 bedroom Townhouses.
Large development block zoned for townhouses and units. Subject To Council Approval there is the potential to construct up to 3 levels and a combination of 1, 2 & 3 bedroom dwellings with a combined total of between 55 and 81 bedrooms on this site, depending on the configuration.
Located in a quiet street in a premium part of the region, just 25 minutes drive from the Brisbane CBD and 35 minutes to the Gold Coast.
Only 1.3km to a major shopping centre, which provides employment for several thousand people, with more than 80,000m2 of retail space and more than 4,000 parking spaces.
Myer, Kmart, Big W, Coles, Woolworths, Bi-Lo, Aldi and Birch Caroll & Coyle with a 12 Screen Cinema are the anchor tenants. It is also a major Bus exchange, providing buses directly to the Brisbane CBD.
Facilities Nearby -
Several child care centres within 2.5km;
State Primary Schools 1.4km, 1.8km and 2km;
State High Schools 2.4km;
Highly Regarded Private School 2.2km
Bus stop 300m;
Logan Hospital 7.4km;
Griffith University 6.1km
Train Station 5.8km;
Access to Motorway 2.5km;
Big W, Woolworths, Aldi, Coles, Foodworks, IGA are all within 1.5km;
2 x Subway, KFC, Hungry Jacks, Krispy Kreme, Nandos, Red Rooster all have invested in the area.There is more than $2 Billion in infrastructure investment either under construction or approved for the region.
It is 1 of only 2 pockets in the suburb that has; no public housing, more than 80% owner occupiers (suburb average is 28%), median income of more than $770 per week and a rental yield of more than 4.5%.
Three bedroom houses are most in demand in the region.
The land is on 2 lots, each with a 3 bedroom house and a combined estimated rental of $1,000 per week, so provide cash flow while your DA is approved.
For further details call Matthew Barnes on 0430 979 900.