Commercial shop front with a 6 bed home, 2 kitchens and 2 bathrooms on a large corner block.
Could be used for gym or fitness studio, dance studio, the possibilities are endless. Over time non-loadbearing walls have been added so once removed the floor area is huge, plus you have a large yard for outdoor personal training.
If retail is not for you consider the potential of 6 bedrooms leased out at $120 each p/w plus the shop space leased.
Previous development approvals include sub division for a duplex behind the main dwelling, multiple occupancy and the current development approval for town houses.
Home to currently the 4th largest beef exporting plant in Australia, Kilcoy is a small town undergoing a large revival.
The property market is being fuelled by demand for housing for the meat works employees, this demand has seen rental yields rocket to an all time high of 7.3% (avg.). Investors are capitalising on low prices and high rentals which are only going to get better as the meat works rolls out yet another expansion.
Kilcoy urgently needs more quality housing to accommodate the rapidly escalating population and this superb town centre site provides the perfect solution to a growing problem. With a DA approval already in place and architectural plans drafted for a unit complex, this project is already under way and ready for a savvy investor to take it through to completion.
Current dwelling
- shop front/office space
- 5 Bedrooms
- 2 Kitchens
- 2 Bathrooms
- 3 Toilets
- Double Lock Up Garage & Carport
- Air Conditioning
- 2 street frontage
- fully serviced site
- confirmed NBN availability
- very short walk to all town services and amenities
- current rental capacity $570/week for both the unit and the shop space
Approved dwelling
- 6 x 3 bedroom townhouses
- individual resale value $400,000
- individual rental value $465/week
This is a rare opportunity to secure a prime development site in the heart of Kilcoy.
