Property Returning 10.4% With the Potential for Development
Property ID: 68531
Purchase Price $90K
Current Rent $180 a week
Rental Yield 10.4%
This large 1593m2 block in Queensland is one of the areas biggest residential blocks in the area is zoned for mixed use (potential for redevelopment).
A Material Change of Use applicable for a multiple unit development would be code-assessable (check with the local council for details).
Rates: $1650 (includes water) Discount of $150 applies if paid early.
Management Rates: 7.5% + GST
PROPERTY AND LOCATION DETAILS
Enclosed Sleepout (potential to convert into a 3rd bedroom)
Single Bay Shed
The dimensions of the block are 24.3m street frontage x 82.4 LHS boundary x 76.0 RHS boundary.
An abundance of take away outlets, Restaurants, coffee shops. banks, pharmacies and Cinema within walking distance.
Coles 900m Woolworths 1.3 km
Hospital 4 minute drive
Three (3) Schools within walking distance with 6 schools within 2.5 km of the property
Contact Yujin Yeoh on 0479 191 815 to secure this property now!