Monumental development opportunity on this generously sized 2,367m2 block located in the prime location of Loganholme.
The opportunities are boundless:
1. Developmental potential:
With street frontage of 28 meters, this property could be sub-divided into 4 single dwellings or be developed into 10 townhouses* (subject to Council approval). With recent townhouses development like 41 Solomon Ave (all sold out), 45 Solomon Ave (9 out of 10 sold) and 27 Arafura Ave all selling very well, this is a massive developmental opportunity for you.
2. Make it your own home:
The current 3 Bedroom home is currently owner-occupied and features:
+ 3 Large bedrooms, master with air conditioning and built in robe
+ Kitchen with electric oven and cooktop
+ Large lounge room with separate dining area
+ Bathroom with separate shower and bath
+ Large 10m x 5m outdoor entertainment area
With a huge flat block of 2,367m2, you can always build a main dwelling home and a separate auxiliary unit/granny flat* (subject to council approval) and with plenty more space for a swimming pool and tennis court if you like.
3. Home Business/Storage:
With working from home now more important than before, why not utilise this current property with the abundant space that it offers? Plenty of space for goods storage, multi-vehicles parking and plop your container right in the massive backyard. The possibilities are endless.
4. Investment horizons:
With large acreage blocks like this under $1 million only 30 minutes to the Brisbane CBD, it will not be too long in the future when buyers realise that this is really good value RIGHT NOW. The house is good for a rental return of approximately between $500 to $550 per week. Developers might snap this up in the future from you for a premium as massive land like this get scarcer. Or simply land bank the property for capital growth
Prime Location:
On the fringe of Shailer Park, strategically located close to M1 entrance and iconic Loganholme Hyperdome; 5 min to Chatswood Central Shopping Centre and IKEA, Shailer Park State Primary and High Schools, John Paul College, St Edwards' Primary and Chisolm College; 7 min to Logan Hospital and the renowned Griffiths University; 20 min to newly renovated Westfield Garden City, Sunnybank and Market Square, 30 min to Brisbane Airport and Brisbane CBD; 30 min to Gold Coast destinations
Area potential:
This area is on the verge of an exciting time of growth and development! Based on the South East Queensland regional Plan 2009-2031, the area requires the Council to plan for an additional 70,000 new homes by 2031, this precinct has been identified as one of several suitable locations across the Logan city to accommodate the expected growth. The area is well served by well-established infrastructure.
This is good real estate with great prospects in an exciting location. Call marketing agent Johnson Teo on 0422 804 811 for all your enquiries or to arrange a private inspection. Hurry!
www.johnsonteo.raywhite.com
Disclaimer: All information contained herewith, including but not limited to the general property description, price and the address, is provided to Ray White Springwood by third parties. We have obtained this information from sources we believe to be reliable; however, we cannot guarantee its accuracy. The information contained herewith should not be relied upon and you should make your own enquiries and seek advice in respect of this property or any property on this website.
