Located a mere 4km from Brisbane CBD, this is an opportunity to secure a cheap inner city development site. A development approval is in place for a 1 into 2 subdivision. Lot 1 is a 574m2 block with an existing traditional Queenslander. Lot 2 is a vacant standard size block of land 450m2, with a 16 metre frontage. The size and shape will accommodate a vast array of house designs.
This property has had 2 valuations done, the initial valuation was done so that the vendors could understand the value of the property and that came out at $1,100,000, the other valuation was conducted by the bank and it also came out at $1,100,000. The owners of this properties circumstances have changes dramatically, allowing the incoming buyers to take advantage of all their hard work by acquiring their $270,000 worth of equity, that's a automated gain of 25.5%
Situated within the Rainworth State School catchment, the highly sort after school is located only 400m away on Boundary Road. Rosalie Village is a small neighbourhood centre that comprises of a vast array of upmarket restaurants and shops and is within walking distance. Across the road is 'The Bardon Shed’ which has just opened its doors and will accommodate all of your fresh produce, gourmet groceries & deli, fresh bread & flowers and coffee needs.
Please call for more information, this will be the cheapest development site within within a 4km radius of Brisbane CBD. Sellers are highly motived and will consider all reasonable offers.