Development Site On 1 Acre, 25 Minutes To The Brisbane CBD
Property ID: 19027625
Purchase price $815K
Land Size 4,049m2
Opportunity To Develop Into 6 Lots (Possibly 7) (STCA)
Estimated Price Per Completed Lot is $230K
Possible Gross Return $1.38 Mill
The neighbouring block was sub-divided into 6 lots, suitable for houses or dual living properties. Subject To Council Approval, you could do the same on this property and possibly even a 7th lot due to this property have a much larger street frontage than the neighbour.
Situated in a quiet street with no through road, this property is located in a pocket that has an average income more than 9% above the suburb average and rental yields almost 11% higher than the suburb average.
There is an existing 3 bedroom house on the site that would rent for around $300 per week.
This location is set to see an average of another 10,000 new residents each year for the next 20 years. Research points to strong capital growth over the next few years.
Vacancy rates are at just 2.3% and there is more than $2 Billion worth of infrastructure investment either approved or under construction in the location.
Being located half way between 2 Major Centres, with large parcels of industrial land, the region is attracting the attention of businesses looking to avoid traffic congestion in the City while taking advantage of the easier access to the nearby major regional centres;
The region has a strong history of long-term capital growth;
It has a strong, diverse and growing economy with the major employers being manufacturing & retail, Business & community services, Construction & Agriculture;
The property is close to many existing facilities;
Primary School 1km;
High school 1.3km;
5 childcare centres within 1.5km;
Shopping Centre with around 28 stores including another Coles 1.4km;
Woolworths (Under construction) 3.2km;
Train station 3.3km
Industrial Estate 3.5km + others within a 10 minute drive;
University Campus 6km;
Motorway access 2.9km;
Shopping Centre with about 220 stores including Myer, Kmart, Coles, Woolworths, Bi-Lo, Aldi & Event Cinemas - 9.6km;
Contact Matthew Barnes on 0430 979 900 for more details.