This 1174sqm land parcel presents an incredible opportunity for developers or investors to capitalise on Brisbane's current population boom and increasing buyer demand for quality low-maintenance housing.
Located in a quiet leafy side-street, yet less than four-minutes' walk to Mitchelton Train station and the popular Blackwood Street lifestyle precinct, the site is being sold with DA for removal of the existing dwelling and construction of brand-new multiple home dwellings.
The approved plans cover six 3-bed, 2.5-bath, 2-car townhouses, each featuring expansive open plan living areas, an additional upstairs rumpus room, plus separate home office. High ceilings, generous alfresco entertaining decks and patios, along with either north or east facing aspects add to the broad appeal of these proposed three-level residences.
Currently leased at $480 per week until February 2024, the quality tenants have expressed interest in staying on throughout the planning stage, enabling developers to minimise holding costs. Similarly, investors looking to landbank the property have the option to undertake a quick low-cost update and substantially increase the rental yield.
Either way, in a market suffering from very low stock levels, this is a rare chance to immediately get in on the action and build within a prime, well-connected suburb less than 9km from the CBD.
Offering an easy 20-minute train commute to the city, this address has also been carefully selected for its proximity to an exceptional array of local amenities. It sits:
- 250m to cafes, restaurants, bars, bakery, IGA supermarket, boutiques and medical facilities -8 min walk/3 min drive to Brookside Shopping Centre's Coles, Woolworths, extensive retail
- Short walk to childcare, Mitchelton State Primary and High Schools, Mt Maria College, parks and the recently opened Brook Hotel with adjoining Dan Murphy's
- Short drive to the Great Western Super Centre with Bunnings, and Arana Hills Kmart Plaza
- Less than 10 minutes to the popular Newmarket Pool, Hotel and Readings Cinemas
For further information please contact Jose Peralta…….
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