Great Development Opportunity
You won't want to miss this outstanding opportunity to buy an investment with so much potential. We are offering two separate houses on two separate lots, two separate titles and being SOLD as one parcel.
For all developers and investors, now is the time for you to make a move to secure your future. Being zoned as CBD Residential High Density (Mixed use) you have the potential for build a multi level dwelling. As per the Ipswich Planning Scheme the lower three floors of new buildings may contain commercial uses such as eating establishments, boutique shopping or limited professional, financial and personal services. All upper floors of new buildings (ie beyond the third floor) are designed and used for residential uses. For further details, please refer to www.ipswichplanning.com.au Division 9.
The property consists of a three bedroom Post War home, that is currently tenanted for $260 per week and a four bedroom Character home with VJ walls, polished pine floors and was rented for $295 per week. Together these properties have the potential to bring in gross rental income in excess of $28,000 and you don't even have to do anything.
The location is perfect - being situated across the road from Queens Park (ideal for a cafe or takeaway) and within walking distance to Ipswich Girls Grammar School, Ipswich Grammar School (Boys), Ipswich Central School, CBD and train station. Very rarely does a property with this much potential come onto the market in such a sought after location, so make sure you don't miss out - give Sue a call today for further details.
