Land Value, Profit Potential.
Situated in a quiet residential street and packed with subdivision potential, this 850sqm block, faces East and sits directly overlooking Ravens Creek Reserve. A Townplanner has assessed this block, and, given its approx. 34m frontage, flat land, and stormwater flow towards the street, it should be a straightforward split STCA.
It currently has great, long term tenants, who are on a month by month lease at $360pw. The home has 3 bedrooms, updated kitchen, timber floors, a sunroom, separate living area downstairs, double lock up garage, fully fenced and well maintained.
The floorplans shown are an indication of the homes we were looking to build with Dixon. They are currently priced at $150,000 on their website.
Chermside West is a high growth area being located 10km north of the CBD, and close to good public and private schools, hospitals, local shops and Westfield Shopping Centre.
We know how hard it is to find subdividable blocks in a great suburb...........so what are you waiting for?