Look at this magnificent opportunity for development on 810m2 LMR (Residential B) zoned land on two lots with a 20 metre frontage, right in the heart of Indooroopilly. This is the first time this address has been offered to the market in over 20 years.
Surrounded on all sides by units (one side currently under construction) is the benefit that provides you with an opportunity to apply for a "bonus" 60% GFA (Gross Floor Area).
The land contours look favorable for development and slope towards the road and the house is post war so demolition should be quick and easy.
Easy access to public transport is a great advantage as the Indooroopilly train station is approximately 400 metres away.
The house on the site has three bedrooms plus a garage and is very suitable for renting as it is currently vacant. You can move in or get the tenants to assist with repayments - the choice is yours.
The timing is right because by the time you get your development approval the market will be red hot for units or townhouses within five kilometres to the city, and being positioned so close to public transport will always ensure high demand.
Alternatively, if you are looking for an investment then you can be sure that your money will continue to grow at an exponential rate in capital growth as the zoning of the land is extremely sought after.
You won't find a better site than this and you will have to be quick because this will not last long and the vendor is motivated to sell. Hurry and call for more information now!
810m2 LMR
Currently vacant
Post war
Inner city
Live in or rent out
Favourable contours
Walk to train
20 metre frontage