Perfectly positioned 9klms from the CBD in a quiet spot just a short walk to both Westfield Chermside and Prince Charles Hospital, this 675sqm site is zoned Mu2 Mixed Use and provides a great opportunity to acquire a site with a current Development Approval (DA) for 10 x 2 bedroom apartments in this popular precinct.
This practical, mid-sized development approval offers:
• 10 x 2 bedroom, 2 bathroom apartments
• All with spacious balconies
• Built over 5 levels including ground
• 9 units with 1 secure car space
• 1 unit with 2 secure car spaces
• On site visitor parking
• No major basement excavation
• Communal roof top space
• Lift access
Brimming with potential this level rectangular site runs North South for the ideal aspect and is currently improved with a well maintained highset 3 bedroom, 1 bathroom post war style home with a holding income of $395pw.
Explore the possibilities of developing now or land banking for the future and with literally every amenity at your fingertips including public transport, shopping, dining, medical, schools & childcare, you can do so with the knowledge that super convenient locations such as this one will always be in demand.
