For sale individually or as one parcel, these two properties share a common rear boundary that gives a total land area of 1666 m2 (809 m2 + 857 m2). Under the new 2014 Brisbane City Plan, each site can be re-developed individually or as one parcel, to increase the number of residences (a town planner's report is included in the Information Memorandum available on request). If you're an astute investor with an eye for future prospects, just enjoy the income derived from 4 registered flats (1x3 & 3x2, currently returning $1,110 p.w.) and 5 strata titled units (4x2 & 1x1 returning $955 p.w.) and know that the redevelopment potential will enhance the future value. If you're a developer, here's your chance to benefit from the high demand for new apartments in the Coorparoo area.
