Auction, Saturday 23rd April 2022,11:00am Onsite
On offer is this Block of 3 units sold as a single title with land size of 812 m2 and 31.6 meter street frontage. This is a lifetime opportunity to create CASH FLOW with huge future development / capital growth potential. Located in a sought after and convenient position across the road from the Algester Star Shopping Centre, this is one of the last properties in the Brisbane city council with LMR2 zone which has not undergone full development potential. No Body Corp fees and it's a freehold with a single title.
Unit 1 is currently rented out for $345 per week, Unit 2 is $300 per week & unit 3 is $320 per week. Total Rent $965pw.
Development Opportunity Details:
This Property is zoned LMR2 (Low medium density residential 2 or 3 storey mix) which allows to build a maximum 3 storey or 11.5 m height and more details are available with Brisbane city council. The street frontage for the property is close to 31.6 meters which gives a unique advantage. The property also has 3 additional visitor parking spaces at the front along with a large storage shed at the rear of the block.
Property Features:
Unit 1-9 Silkwood St Algester
- 3 Bedroom with Built in robes
- 1 Bathroom
- Functional Kitchen
- Combined lounge and dining
- Private grassed yard
- Single carport
Unit 2-9 Silkwood St Algester
- 2 Bedroom
- 1 Bathroom
- Air-conditioning unit
- Functional Kitchen
- Combined lounge and dining
- courtyard
- Single carport
Unit 3-9 Silkwood St Algester
- 2 Bedroom
- 1 Bathroom
- Air-conditioning unit
- Functional Kitchen
- Combined lounge and dining
- courtyard
- Single carport
PUBLIC TRANSPORT
Access to three (3) Train Stations within 4kms - Sunnybank Station, Runcorn Station and Banoon Station.
Access to Logan Motorway and Gateway is only 5 mins drive.
SHOPS & SERVICES
Metres to local Algester Star Shopping centre (bakery, Asian supermarket, medical service, pool care and more); and only 2-5kms to Central Park Shopping (Post Office, liquor store and more), Drakes Shopping Centre; Calamvale Central and Sunnybank Hills Plaza.
SCHOOL CATCHMENT ZONES
This property is in the catchment zone for excellent schools at Algester Primary School and Calamvale Community College.
Additional schools in the local area include St Stephen's Catholic Primary School, Wisdom College, Stretton State College.
Please call me on 0406 564 619 to arrange a viewing.
Disclaimer: Whilst every effort has been made to ensure the accuracy of these particulars, no warranty is given by the vendor or the agent as to their accuracy. Interested parties should not rely on these particulars as representations of fact but must instead satisfy themselves by inspection or otherwise.
