This is an exceptional development site ready for an astute investor wishing to develop it now or land bank for the near future. Apart from the good size block of land is a neatly presented home. The property can be re-let to earn some good income until the time comes to redevelop.
The family home is solid brick veneer, characteristic of the 70’s and has stood the test of time. It is bright and airy with four gorgeous bedrooms, spacious lounge and dining area, renovated kitchen, renovated bathroom, large balcony, second bathroom, toilet and a laundry downstairs.
It is ideal for families, investors, developers, builders and/or renovators. There is plenty of potential to modernise it or capitalise on the premier location. It is a superb location within close walking distance to Westfield Garden City Shopping Centre, bus stations, a short drive to QE-II Hospital, Griffith University – Nathan and Mount Gravatt Campus’, Sunnybank Plaza and Macgregor State High School.
The key features are:-
*Approved Permit for 5 × 1 bedroom and 5 × 2 bedroom Apartments
*Ground Floor apartments Features Large Private Gardens
*Five levels residential building
*Total 13 car parks
|R&H Suburb Summary||Houses|
|Number of sales||40|
|Median Rental Price||$480 p.w.|
|Change in Rental Rate (5yr)||4 %|
|R&H Suburb Summary||Units|
|Number of sales||10|
|Median Rental Price||$420 p.w.|
|Change in Rental Rate (5yr)||-3 %|