A rare opportunity awaits at 34 Galahad Street, Marsden! This highset home sits on a massive 1031m² block and already has development approval in place to subdivide, allowing you to get started straight away! Whether you're a developer looking for your next project or an investor wanting to capitalise on a booming area, this property offers unparalleled potential.
The existing high set home features 3 spacious bedrooms, 1 bathroom upstairs, and a huge deck area off of the rear of the home. The property also boasts approved plans for a brand-new home to be built at the rear, giving you the chance to add significant value with minimal delays and retain your privacy still. Plus, there's still ample opportunity to further renovate the existing house to create a dual-living layout, increasing rental returns even further.
Situated in a prime location just a short drive to Marsden State School, shopping centres, and public transport, this is the perfect spot to develop and hold. Tenants are already in place acknowledging the subdivision and with approvals already, you can start work right away with no delays!
Rental appraisal is to achieve $560 per week in the current market.
Tenanted until 24 June 2025 at $500per week - REDUCED TO COMPENSATE FOR SUBDIVISION
Reconfiguration is at operational works tender phase - THE TIME CONSUMING & COSTLY PART IS ALREADY HANDLED. Majority of surveyors, engineers, council fees have been actioned already.*
DA EXPIRES APPROX 4 YRS TIME
Main residence to stay on 531m2 block + 500m2 vacant block at the rear
Proposed 4 bed 2 bath 2 living area 2 car garage home already designed!
Two car garage facility + 2nd toilet downstairs
Plenty of room for it to be further built in to allow for additional rooms
Level driveway for secure off-street parking + side access on both sides of the home
Massive back yard all fenced and safe for kids & pets
Air conditioning & ceiling fans
Renovated kitchen and large deck area off the rear
6.6KW Solar
Garden Shed on concrete slab
Rental Appraisal is $560 per week
Location Highlights:
-Bus Stop at the end of the street ! (450m walk)
-Close to local Parks
-5 min drive to local Child Care Centres
-3 min drive to Marsden State School
-4 min drive to Burrowes State School
-5 min drive to Marsden State High School (QLD's #1 School 2020)
-4 min drive to Marsden Park Shopping Centre
-5 min drive to Marsden on Fifth Shopping Centre
-9 min drive to Kingston train station
-10 min drive to Logan Hospital
-29 min drive to Brisbane City
-49 min drive to Gold Coast
*THERE ARE 3 OPPORTUNITIES TO PURCHASE ALL WITH EXISTING DEVELOPMENT APPROVALS IN PLACE - CONTACT REBECCA FOR MORE INFO ON ALL 3 SITES ON OFFER*
