Can You Keep A Secret....? Silent Listing
Property ID: 19068325
Purchase Price $1.55M
Potential Yield 1 into 5 Lots (STCA)
Potential Gross Return 5 X $575K = $2.85M
Potential Profit Margin 19.09%
Land size 3,848m2
18KM to the Brisbane CBD, this suburb has easy access to everything you would expect in a well established capital city location. Public transport (Bus and Train Station), Schools, Child care, Shopping centre, Supermarkets, Access to motorways, Restaurant's, Cafe's, Parks, Bunnings, Hospital, TAFE, Banks, Australia Post, Cinemas, Gyms and Sporting clubs.
The property is in a premium suburb within the Local Government Area with almost 75% owner occupied, low levels of public housing and strong rental yields. The pocket in which the property exists in a highly sought after location within the suburb. Rental yields and average incomes are well above the suburb average, while there is no public housing in the surrounding area.
Vendor is looking for a 60 day settlement with 30 days due diligence.
There is potential to increase returns further by selling each lot as house and land packages, Subject To Council Approval.
The existing 5 Bedroom house rents for $700 per week. There is a lease until April 2018, which will bring you an income while the DA is approved.
For further details call Matthew Barnes on 0430 979 900.