Don't let this neat and tidy home fool you, beyond this humble abode you will be astonished that our client has gone to the full extent of spending countless amounts of hours and thousands of dollars to have this development site approved for six units!
The current Development Approval remains part of the old Planning Scheme that allows a higher yield on the block of land totalling six units. While under the new planning scheme any new development approvals on the same sized allotment will only allow a maximum of five units. All working drawings and engineering plans are completed and all that is required is a final building approval stamp by a certifier, giving the benefit that construction can commence almost immediately.
This is a huge opportunity to capitalise off on, not to mention there is a new sewer infrastructure which has been installed to the front of the property ready to be connected! Plans are available online and the approvals available on request.
Investor Quick Glance:
- 4 x 2 bedroom / 1.5 bathroom / 1 car garage units
- 2 x 3 bedroom / 2.5 bathroom / 2 car garage units
Features of the property:
- 3 bedrooms – 1 huge bedroom
- Family bathroom with separate toilet
- NBN connected
- Side Access with single carport
- DA approved for 6 units
- Over 1,200m2 allotment in a growth pocket of Toowoomba
- Currently tenanted for $320.00 per week
If a big block is what your looking for and/or your next family home, this property also caters to the astute purchaser, accommodation compromising of three bedrooms, one doubling as a possible second living area. The family bathroom is positioned adjacent to the kitchen, all in good condition, the home sits comfortably on the allotment with side access to an enormous yard, totalling 1,214m2. The property is currently tenanted for $320.00 per week with hopes of continuing the lease.
The property will be sold on or before the auction day, offers prior are welcomed and encouraged!
