3 STOREY, 12 UNIT, LOW RISE DEVELOPMENT BLOCK
Brilliantly positioned on the corner of Muir and Central Streets, this sun-drenched, rectangular RD5 zoned block (= 1 dwelling per 50m2) on 1021m2 flat useable land with public transport right outside, sits amongst an eclectic mix of recently built and yet to be developed buildings. The face of this whole area has been gradually changing, welcoming a new entourage of professional young sophisticates with a taste for the good life along with couples and families who all appreciate the area and its proximity to schools, restaurants, bars, clubs and of course, the fabulous Gold Coast beaches, a very short stroll away. So you build 12 units in a 3 storey low rise apartment block. Then what? Sit back and collect all the rent?.....sell a few to recoup capital and rent some out? or sell them all? - you do the math. Either way, returns are looking good, especially as our vendor is very genuine and highly motivated. Do not miss this very real opportunity to invest in a rapidly changing area earmarked for on-going growth.
* RD5 zoning = 1 dwelling per 50m2
* 3 storey height limit - 1021m2 flat usable land
* Close to schools, public transport and amenities
* Minutes to magnificent beaches, clubs, restaurants
* Realistic, motivated vendor
